New York State Teachers Retirement System Has $14.43 Million Holdings in Masco Co. (NYSE:MAS)

New York State Teachers Retirement System decreased its stake in Masco Co. (NYSE:MAS) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 216,458 shares of the construction company’s stock after selling 15,953 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Masco worth $14,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Masco in the 4th quarter valued at about $122,144,000. Manning & Napier Advisors LLC acquired a new position in Masco during the second quarter valued at approximately $82,363,000. Confluence Investment Management LLC bought a new stake in Masco in the first quarter valued at approximately $78,181,000. Vanguard Group Inc. raised its holdings in Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after purchasing an additional 721,117 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Masco by 55.8% during the first quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company’s stock worth $121,391,000 after purchasing an additional 551,203 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup lowered their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. BMO Capital Markets raised their price target on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Barclays increased their target price on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group lifted their price target on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Stock Performance

Shares of MAS opened at $80.68 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco Co. has a 12 month low of $47.66 and a 12 month high of $80.74. The firm has a fifty day simple moving average of $71.70 and a 200 day simple moving average of $72.35. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS. Research analysts forecast that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is 28.43%.

Masco Company 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.