Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Masco Corporation $MAS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Masco Corporation (NYSE:MAS) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,735 shares of the construction company’s stock after buying an additional 3,257 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Masco were worth $3,330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MAS. Costello Asset Management INC acquired a new position in shares of Masco during the first quarter worth about $31,000. Steph & Co. acquired a new position in Masco during the 2nd quarter worth approximately $39,000. Stone House Investment Management LLC acquired a new position in Masco during the 1st quarter worth approximately $50,000. True Wealth Design LLC raised its stake in shares of Masco by 716.0% during the 2nd quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock worth $56,000 after buying an additional 759 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Masco in the 1st quarter valued at approximately $68,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity

In other news, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MAS shares. UBS Group dropped their price objective on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Barclays reduced their price objective on shares of Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Oppenheimer set a $79.00 target price on shares of Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.53.

Masco Stock Performance

NYSE:MAS opened at $59.45 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. The company has a market capitalization of $12.35 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The firm has a 50-day moving average price of $67.48 and a two-hundred day moving average price of $67.21. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $83.06.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, research analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s payout ratio is 31.79%.

Masco Profile

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.