New York State Teachers Retirement System Buys 19,598 Shares of Masco Corporation $MAS

by · The Markets Daily

New York State Teachers Retirement System raised its stake in Masco Corporation (NYSE:MAS – Free Report) by 11.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 192,791 shares of the construction company’s stock after buying an additional 19,598 shares during the period. New York State Teachers Retirement System’s holdings in Masco were worth $11,639,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in shares of Masco during the third quarter valued at approximately $26,000. Bard Associates Inc. bought a new position in Masco in the fourth quarter worth approximately $25,000. Bogart Wealth LLC increased its holdings in Masco by 2,550.0% during the 4th 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 period. Community Bank N.A. bought a new stake in Masco during the 3rd quarter valued at $34,000. Finally, Headlands Technologies LLC raised its position in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

Shares of MAS stock opened at $82.80 on Monday. The stock’s 50-day moving average is $72.37 and its 200 day moving average is $68.61. 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 current ratio of 1.75 and a quick ratio of 1.11. The company has a market cap of $16.70 billion, a P/E ratio of 20.55, a PEG ratio of 2.04 and a beta of 1.29.

Masco (NYSE:MAS – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts predict that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

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

Masco Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Masco’s payout ratio is 31.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial increased their price target on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. UBS Group lifted their price objective on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Barclays upped their price objective on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group raised their target price on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Citigroup reduced their price target on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Masco presently has an average rating of “Hold” and an average price target of $80.07.

View Our Latest Stock Report on Masco

About Masco

(Free Report)

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.

Further Reading

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