Sumitomo Mitsui Trust Group Inc. Lowers Holdings in Masco Corporation $MAS

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Masco Corporation (NYSE:MAS) by 14.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402,869 shares of the construction company’s stock after selling 69,786 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Masco were worth $24,321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Masco by 0.6% in the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock valued at $649,545,000 after buying an additional 60,430 shares during the period. JPMorgan Chase & Co. increased its position 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 worth $384,776,000 after acquiring an additional 977,684 shares during the period. Boston Partners raised its stake in shares of Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Masco by 76.1% in the fourth quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after acquiring an additional 2,085,454 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Masco by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock valued at $278,619,000 after purchasing an additional 267,012 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MAS. BMO Capital Markets cut their price target on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company boosted their price objective on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Citigroup cut their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Bank of America lowered their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.07.

Masco Stock Down 2.1%

Shares of NYSE:MAS opened at $76.22 on Tuesday. The firm has a 50 day simple moving average of $72.87 and a 200-day simple moving average of $69.17. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.21. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07. The company has a market capitalization of $15.38 billion, a PE ratio of 18.91, a P/E/G ratio of 1.92 and a beta of 1.29.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.88 by $0.16. Masco had a net margin of 10.90% and a return on equity of 815.20%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $0.87 EPS. Masco’s revenue for the quarter was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, equities analysts predict that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s payout ratio is presently 31.76%.

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

About Masco

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.