Hsbc Holdings PLC Invests $30.12 Million in Masco Corporation $MAS

Hsbc Holdings PLC bought a new position in Masco Corporation (NYSE:MAS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 369,842 shares of the construction company’s stock, valued at approximately $30,116,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Masco during the 2nd quarter worth approximately $1,278,943,000. State Street Corp boosted its stake in Masco by 0.6% during the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock worth $649,545,000 after acquiring an additional 60,430 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Masco by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after purchasing an additional 977,684 shares during the period. Boston Partners boosted its position in shares of Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock worth $411,832,000 after purchasing an additional 58,609 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Masco by 76.1% in the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after buying an additional 2,085,454 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup decreased their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. UBS Group reduced their price objective on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Truist Financial reduced their price objective on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. DA Davidson started coverage on Masco in a research report on Monday. They set a “neutral” rating and a $80.00 target price on the stock. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.88.

Masco Trading Down 1.0%

MAS opened at $72.87 on Friday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The company’s 50-day moving average is $76.73 and its 200 day moving average is $71.09. The firm has a market capitalization of $14.37 billion, a PE ratio of 16.75, a P/E/G ratio of 1.86 and a beta of 1.30.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s dividend payout ratio (DPR) is presently 29.43%.

Masco declared that its board has authorized a stock buyback program on Thursday, May 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.