Caisse de depot et placement du Quebec Takes Position in Masco Corporation $MAS

Caisse de depot et placement du Quebec purchased a new position in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 872,032 shares of the construction company’s stock, valued at approximately $70,957,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bard Associates Inc. acquired a new position in Masco in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new position in shares of Masco during the third quarter worth $26,000. Bogart Wealth LLC grew its stake in shares of Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after purchasing an additional 408 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in Masco in the second quarter valued at $32,000. Finally, Headlands Technologies LLC increased its holdings in Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 1.0%

Shares of Masco stock opened at $72.87 on Friday. The stock’s 50-day moving average is $76.73 and its 200 day moving average is $71.09. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22.

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

Masco Announces Dividend

The business also recently announced 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 is Monday, August 24th. Masco’s payout ratio is presently 29.43%.

Masco declared that its board has initiated a share buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MAS has been the topic of a number of analyst reports. 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. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Citigroup reduced their target price on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial dropped their price target 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. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Masco has an average rating of “Hold” and a consensus target price of $79.88.

Masco 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.