Commerce Bank Makes New $949,000 Investment in Masco Corporation $MAS

Commerce Bank purchased a new stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,664 shares of the construction company’s stock, valued at approximately $949,000.

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

Masco Stock Up 0.9%

NYSE:MAS opened at $73.57 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The company has a market cap of $14.51 billion, a PE ratio of 16.91, a P/E/G ratio of 1.85 and a beta of 1.30. The company’s 50 day moving average is $76.76 and its two-hundred day moving average is $71.09.

Masco (NYSE:MAS) last posted its quarterly earnings results 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 business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts anticipate that Masco Corporation will post 4.52 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be paid a $0.32 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Masco’s dividend payout ratio (DPR) is 29.43%.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MAS shares. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Barclays reduced their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Citigroup decreased their price objective on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Wells Fargo & Company raised their price objective on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target 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.