iA Global Asset Management Inc. Lowers Stock Holdings in Masco Corporation $MAS

iA Global Asset Management Inc. trimmed its stake in Masco Corporation (NYSE:MAS) by 72.9% during the 1st quarter, HoldingsChannel reports. The fund owned 6,801 shares of the construction company’s stock after selling 18,325 shares during the quarter. iA Global Asset Management Inc.’s holdings in Masco were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth increased its holdings in Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock worth $724,000 after buying an additional 265 shares in the last quarter. CW Advisors LLC bought a new position in Masco in the 2nd quarter worth $238,000. Bank of Nova Scotia grew its stake in shares of Masco by 14.8% during the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock valued at $1,645,000 after acquiring an additional 3,294 shares during the period. WINTON GROUP Ltd bought a new position in shares of Masco in the second quarter worth approximately $415,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 1,413 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAS. BMO Capital Markets cut their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Citigroup lowered their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. UBS Group increased their price objective on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada boosted their price target on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Masco presently has a consensus rating of “Hold” and an average price target of $80.07.

Masco Price Performance

Masco stock opened at $82.80 on Friday. The stock has a market capitalization of $16.70 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.04 and a beta of 1.29. The company’s fifty day moving average price is $72.37 and its 200 day moving average price is $68.58. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.21. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s payout ratio is presently 31.76%.

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

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.