New York State Common Retirement Fund Sells 2,021 Shares of Masco Corporation $MAS

New York State Common Retirement Fund decreased its holdings in shares of Masco Corporation (NYSE:MAS) by 0.5% during the second quarter, Holdings Channel.com reports. The firm owned 434,766 shares of the construction company’s stock after selling 2,021 shares during the period. New York State Common Retirement Fund’s holdings in Masco were worth $27,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of Masco in the 2nd quarter valued at about $28,000. Costello Asset Management INC bought a new stake in Masco during the first quarter worth approximately $31,000. Steph & Co. purchased a new stake in Masco during the second quarter valued at approximately $39,000. Stone House Investment Management LLC bought a new stake in shares of Masco in the 1st quarter valued at approximately $50,000. Finally, True Wealth Design LLC boosted its holdings in shares of Masco by 716.0% in the 2nd quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock worth $56,000 after purchasing an additional 759 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Trading Up 0.7%

Shares of MAS opened at $64.87 on Monday. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.69 and a beta of 1.17. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $82.18. The company has a 50-day moving average of $66.04 and a 200 day moving average of $67.20.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, October 29th. The construction company reported $0.97 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. Masco’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 expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Oppenheimer set a $79.00 price target on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Vertical Research started coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Masco currently has an average rating of “Hold” and an average price target of $73.53.

About Masco

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.