Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in Masco Corporation $MAS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Masco Corporation (NYSE:MAS) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,735 shares of the construction company’s stock after acquiring an additional 3,257 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Masco were worth $3,330,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAS. Nuveen LLC acquired a new stake in Masco in the 1st quarter valued at about $126,057,000. Wealthquest Corp purchased a new stake in shares of Masco during the first quarter worth approximately $111,722,000. Invesco Ltd. raised its holdings in Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after acquiring an additional 1,337,889 shares in the last quarter. Vanguard Group Inc. lifted its stake in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after acquiring an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Masco by 3,597.0% during the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock worth $66,723,000 after acquiring an additional 933,537 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In related news, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $59.45 on Thursday. The stock has a market cap of $12.35 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.69 and a beta of 1.17. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $83.06. The stock has a 50 day moving average of $67.48 and a two-hundred day moving average of $67.21. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business posted $1.08 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Analyst Ratings Changes

MAS has been the subject of several recent analyst reports. Argus decreased their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Royal Bank Of Canada decreased their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Evercore ISI dropped their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company lowered their price target on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.53.

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.