Skandinaviska Enskilda Banken AB publ Has $6.18 Million Stock Position in Masco Corporation $MAS

Skandinaviska Enskilda Banken AB publ increased its stake in Masco Corporation (NYSE:MAS) by 92.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,780 shares of the construction company’s stock after acquiring an additional 42,094 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Masco were worth $6,179,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MAS. Vanguard Group Inc. raised its holdings in shares of Masco by 6.6% during the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after purchasing an additional 1,780,673 shares during the period. Boston Partners raised its stake in Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after buying an additional 810,881 shares during the period. Geode Capital Management LLC grew its stake in Masco by 1.2% in the second quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after acquiring an additional 60,672 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Masco by 32.3% during the third quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock valued at $357,976,000 after acquiring an additional 1,240,322 shares in the last quarter. Finally, Holocene Advisors LP raised its position in shares of Masco by 48.6% during the second quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after purchasing an additional 1,635,746 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

Masco stock opened at $75.05 on Friday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $79.19. The company’s 50 day moving average price is $68.56 and its two-hundred day moving average price is $68.44. The stock has a market cap of $15.28 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.89 earnings per share. Masco’s revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, February 20th. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio (DPR) is presently 32.21%.

Masco announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

MAS has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Masco in a research report on Wednesday, February 11th. Zelman & Associates lowered Masco to a “hold” rating in a report on Wednesday, February 11th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $77.00 target price on shares of Masco in a report on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.94.

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.