OMERS ADMINISTRATION Corp Makes New Investment in Masco Corporation $MAS

OMERS ADMINISTRATION Corp purchased a new position in Masco Corporation (NYSE:MAS) in the second quarter, Holdings Channel reports. The fund purchased 48,568 shares of the construction company’s stock, valued at approximately $3,952,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Masco in the second quarter worth $1,278,943,000. Norges Bank acquired a new stake in shares of Masco in the fourth quarter worth $194,818,000. Wellington Management Group LLP purchased a new position in Masco during the 3rd quarter valued at about $192,948,000. Bank of New York Mellon Corp acquired a new position in Masco in the 2nd quarter valued at approximately $156,668,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Masco by 443.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after acquiring an additional 1,901,815 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MAS shares. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Truist Financial dropped their target price 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 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. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Barclays lowered 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. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.88.

Masco Stock Performance

Shares of MAS stock opened at $73.08 on Wednesday. The stock has a 50-day moving average of $76.74 and a 200-day moving average of $71.08. 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 stock has a market cap of $14.41 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. Masco Corporation has a one year low of $58.16 and a one year high of $83.64.

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

Masco Dividend Announcement

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

Masco announced that its Board of Directors has initiated a share repurchase program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to buy up to 2.1% of its stock through open market purchases. Stock 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.