Teacher Retirement System of Texas raised its holdings in shares of Masco (NYSE:MAS) by 59.1% in the 1st quarter, HoldingsChannel reports. The fund owned 340,986 shares of the construction company’s stock after purchasing an additional 126,671 shares during the period. Teacher Retirement System of Texas’ holdings in Masco were worth $13,789,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. First Personal Financial Services purchased a new position in Masco during the 4th quarter valued at about $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Masco during the 4th quarter worth about $114,000. Avestar Capital LLC acquired a new stake in shares of Masco during the 4th quarter worth about $135,000. Tower Research Capital LLC TRC boosted its stake in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its stake in shares of Masco by 61.3% during the 1st quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,486 shares during the last quarter. Hedge funds and other institutional investors own 88.21% of the company’s stock.
Several equities research analysts have issued reports on MAS shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 price target (up from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the stock a “buy” rating in a research note on Friday, February 9th. Deutsche Bank raised their price target on shares of Masco from $39.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Argus set a $50.00 price target on shares of Masco and gave the stock a “buy” rating in a research note on Friday, April 13th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.75.
MAS opened at $37.85 on Monday. The company has a debt-to-equity ratio of 16.23, a quick ratio of 1.10 and a current ratio of 1.69. Masco has a 1 year low of $35.79 and a 1 year high of $46.44. The company has a market capitalization of $11.75 billion, a P/E ratio of 19.51, a P/E/G ratio of 0.98 and a beta of 1.52.
Masco (NYSE:MAS) last released its earnings results on Tuesday, April 24th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Masco had a return on equity of 512.88% and a net margin of 6.96%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Masco’s revenue was up 8.0% on a year-over-year basis. equities research analysts anticipate that Masco will post 2.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 14th. Investors of record on Friday, April 13th were given a $0.105 dividend. The ex-dividend date was Thursday, April 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.11%. Masco’s dividend payout ratio is presently 21.65%.
In other Masco news, Director J Michael Losh sold 5,592 shares of Masco stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total transaction of $234,975.84. Following the transaction, the director now directly owns 69,926 shares of the company’s stock, valued at $2,938,290.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lisa A. Payne sold 5,577 shares of Masco stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total transaction of $233,397.45. Following the transaction, the director now directly owns 56,766 shares in the company, valued at $2,375,657.10. The disclosure for this sale can be found here. Insiders sold 109,727 shares of company stock worth $4,695,460 over the last three months. Corporate insiders own 1.20% of the company’s stock.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco (NYSE:MAS).
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.