California Public Employees Retirement System Buys 27,654 Shares of Masco Corporation $MAS

California Public Employees Retirement System increased its position in Masco Corporation (NYSE:MAS) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,677 shares of the construction company’s stock after acquiring an additional 27,654 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Masco worth $29,392,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MAS. Citigroup Inc. raised its position in shares of Masco by 13.5% during the 1st quarter. Citigroup Inc. now owns 344,762 shares of the construction company’s stock valued at $23,975,000 after purchasing an additional 41,027 shares during the period. National Bank of Canada FI increased its stake in Masco by 57.6% in the 1st quarter. National Bank of Canada FI now owns 162,076 shares of the construction company’s stock worth $11,271,000 after buying an additional 59,211 shares in the last quarter. Townsquare Capital LLC raised its holdings in Masco by 7.3% during the first quarter. Townsquare Capital LLC now owns 4,280 shares of the construction company’s stock valued at $298,000 after acquiring an additional 293 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after acquiring an additional 155,351 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Argus dropped their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Vertical Research began coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating on the stock. Royal Bank Of Canada dropped their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. UBS Group reduced their price target on shares of Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.20.

Masco Price Performance

MAS stock opened at $63.35 on Thursday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $82.18. The firm has a market capitalization of $13.16 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The company has a fifty day simple moving average of $64.89 and a two-hundred day simple moving average of $67.10. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53.

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

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Masco’s dividend 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.