New York State Teachers Retirement System Has $12.27 Million Holdings in Masco Corporation (NYSE:MAS)

New York State Teachers Retirement System lessened its stake in shares of Masco Corporation (NYSE:MASFree Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,415 shares of the construction company’s stock after selling 6,765 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Masco worth $12,268,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. boosted its position in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the first quarter worth $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco during the 4th quarter worth $42,000. GeoWealth Management LLC grew its stake in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after buying an additional 322 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock valued at $56,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of MAS stock opened at $66.43 on Friday. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The stock has a fifty day moving average price of $63.32 and a 200 day moving average price of $69.08. The stock has a market cap of $14.01 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. Masco’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities research analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.87%. Masco’s dividend payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MAS shares. Barclays set a $71.00 price target on shares of Masco and gave the company an “overweight” rating in a report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Masco in a report on Wednesday, May 28th. Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average target price of $73.63.

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About Masco

(Free Report)

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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