New York State Teachers Retirement System Has $20.15 Million Position in Masco Corporation (MAS)

New York State Teachers Retirement System reduced its position in Masco Corporation (NYSE:MAS) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 592,676 shares of the construction company’s stock after selling 28,527 shares during the period. New York State Teachers Retirement System owned 0.19% of Masco Corporation worth $20,145,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MAS. FMR LLC boosted its stake in Masco Corporation by 1.2% in the first quarter. FMR LLC now owns 19,095,444 shares of the construction company’s stock worth $649,054,000 after buying an additional 235,564 shares during the period. Boston Partners boosted its stake in Masco Corporation by 7.4% in the first quarter. Boston Partners now owns 8,887,709 shares of the construction company’s stock worth $302,093,000 after buying an additional 611,363 shares during the period. Pioneer Investment Management Inc. boosted its stake in Masco Corporation by 6.3% in the first quarter. Pioneer Investment Management Inc. now owns 6,679,450 shares of the construction company’s stock worth $227,035,000 after buying an additional 392,963 shares during the period. APG Asset Management N.V. boosted its stake in Masco Corporation by 66.4% in the first quarter. APG Asset Management N.V. now owns 4,014,128 shares of the construction company’s stock worth $136,440,000 after buying an additional 1,601,824 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Masco Corporation by 2.2% in the first quarter. TIAA CREF Investment Management LLC now owns 3,976,693 shares of the construction company’s stock worth $135,168,000 after buying an additional 83,750 shares during the period. 88.84% of the stock is currently owned by institutional investors and hedge funds.

Masco Corporation (NYSE:MAS) traded down 0.44% during midday trading on Tuesday, reaching $38.57. 1,229,359 shares of the company’s stock were exchanged. The company has a market cap of $12.19 billion, a P/E ratio of 24.41 and a beta of 1.56. The company has a 50 day moving average price of $37.66 and a 200 day moving average price of $34.70. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37.

Masco Corporation (NYSE:MAS) last released its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. Masco Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts anticipate that Masco Corporation will post $1.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. Masco Corporation’s payout ratio is currently 25.32%.

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MAS has been the topic of a number of analyst reports. Instinet reaffirmed a “buy” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Masco Corporation in a report on Friday, May 19th. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 target price on shares of Masco Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 target price for the company in a research report on Wednesday, April 26th. Credit Suisse Group initiated coverage on shares of Masco Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Deutsche Bank AG raised their target price on shares of Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.89.

In related news, VP Renee Straber sold 4,452 shares of Masco Corporation stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the transaction, the vice president now owns 65,961 shares of the company’s stock, valued at $2,544,775.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John P. Lindow sold 34,417 shares of Masco Corporation stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $37.14, for a total value of $1,278,247.38. Following the transaction, the vice president now directly owns 102,434 shares in the company, valued at approximately $3,804,398.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,401 shares of company stock valued at $7,204,672. 1.30% of the stock is currently owned by corporate insiders.

Masco Corporation Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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