Louisiana State Employees Retirement System Makes New $628,000 Investment in Masco Corporation $MAS

Louisiana State Employees Retirement System purchased a new position in Masco Corporation (NYSE:MAS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,400 shares of the construction company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Masco in the 3rd quarter worth about $26,000. Bard Associates Inc. bought a new stake in shares of Masco during the fourth quarter valued at about $25,000. Bogart Wealth LLC lifted its holdings in shares of Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares in the last quarter. Community Bank N.A. purchased a new stake in shares of Masco in the third quarter worth about $34,000. Finally, Headlands Technologies LLC boosted its position in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Down 2.2%

Shares of Masco stock opened at $79.28 on Wednesday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.21. The firm has a market cap of $15.99 billion, a PE ratio of 19.67, a PEG ratio of 2.00 and a beta of 1.29. The company has a 50 day simple moving average of $72.58 and a two-hundred day simple moving average of $68.83.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Masco’s dividend payout ratio (DPR) is presently 31.76%.

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

Analysts Set New Price Targets

MAS has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. Barclays upped their price target on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. BMO Capital Markets dropped their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Finally, Wells Fargo & Company boosted their target price on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $80.07.

Masco Profile

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.