The Manufacturers Life Insurance Company Purchases Shares of 134,434 Masco Corporation $MAS

The Manufacturers Life Insurance Company acquired a new stake in shares of Masco Corporation (NYSE:MAS) in the second quarter, Holdings Channel.com reports. The fund acquired 134,434 shares of the construction company’s stock, valued at approximately $10,939,000.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Masco during the third quarter worth $26,000. Bard Associates Inc. acquired a new stake in Masco during the 4th quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in Masco during the second quarter valued at about $32,000. Headlands Technologies LLC lifted its stake in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Masco in the second quarter worth about $37,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

NYSE MAS opened at $73.28 on Friday. 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 firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. The company has a 50 day simple moving average of $76.70 and a 200-day simple moving average of $71.11. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64.

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

Masco announced that its board has initiated a share repurchase plan on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s dividend payout ratio is 29.43%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a report on Monday, August 3rd. Truist Financial lowered their price objective on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price for the company. in a report on Thursday, July 30th. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $79.88.

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.