TD Waterhouse Canada Inc. Increases Position in Masco Corporation $MAS

TD Waterhouse Canada Inc. grew its position in Masco Corporation (NYSE:MAS) by 72.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,135 shares of the construction company’s stock after purchasing an additional 77,013 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.09% of Masco worth $14,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. BlackRock Inc. acquired a new position in shares of Masco in the 2nd quarter valued at about $1,278,943,000. State Street Corp grew its holdings in Masco by 0.6% during the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock worth $649,545,000 after acquiring an additional 60,430 shares during the period. JPMorgan Chase & Co. raised its position in Masco by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after acquiring an additional 977,684 shares in the last quarter. Boston Partners raised its position in Masco by 1.0% during 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. Finally, Wellington Management Group LLP lifted 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 valued at $306,295,000 after acquiring an additional 2,085,454 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 1.8%

Shares of NYSE MAS opened at $72.74 on Friday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.30. The company’s 50-day simple moving average is $76.17 and its 200-day simple moving average is $70.95. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64.

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

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Citigroup decreased their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company increased their price target on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.88.

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.