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

New York State Teachers Retirement System grew its position in Masco Corporation (NYSE:MAS) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,791 shares of the construction company’s stock after acquiring an additional 19,598 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Masco worth $11,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Masco during the third quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Masco in the 4th quarter worth $25,000. Bogart Wealth LLC increased its holdings in shares of Masco by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of Masco during the 3rd quarter valued at about $34,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Masco by 114.5% in the 2nd 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 last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the subject of several recent research reports. UBS Group lifted their price target on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group upped their price objective on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Barclays raised their price objective on Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Bank of America dropped their target price on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Robert W. Baird boosted their target price on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $80.07.

Masco Stock Up 0.0%

Shares of NYSE MAS opened at $82.80 on Monday. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.21. The firm has a 50-day simple moving average of $72.37 and a two-hundred day simple moving average of $68.61. 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. 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 (NYSE:MAS) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company’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. Research analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is 31.76%.

Masco announced that its board has authorized a stock repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Masco Company 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.