California State Teachers Retirement System Sells 96,021 Shares of Masco Corporation $MAS

California State Teachers Retirement System trimmed its stake in Masco Corporation (NYSE:MAS - Free Report) by 21.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 351,675 shares of the construction company's stock after selling 96,021 shares during the quarter. California State Teachers Retirement System owned 0.18% of Masco worth $28,615,795 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Masco by 20.7% in the 4th quarter. Covestor Ltd now owns 829 shares of the construction company's stock worth $53,000 after purchasing an additional 142 shares in the last quarter. Ritholtz Wealth Management increased its position in Masco by 3.9% during the 1st quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company's stock worth $242,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC lifted its stake in shares of Masco by 2.4% during the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company's stock valued at $417,000 after buying an additional 154 shares during the period. Independent Advisor Alliance boosted its position in shares of Masco by 5.8% in the fourth quarter. Independent Advisor Alliance now owns 3,293 shares of the construction company's stock worth $209,000 after buying an additional 181 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Masco by 9.0% in the first quarter. Parallel Advisors LLC now owns 2,420 shares of the construction company's stock worth $146,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Trading Down 0.7%

MAS stock traded down $0.50 during trading on Tuesday, reaching $68.91. 964,826 shares of the stock traded hands, compared to its average volume of 2,615,107. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The firm has a market capitalization of $13.59 billion, a PE ratio of 15.86, a P/E/G ratio of 1.67 and a beta of 1.30. The business's 50 day moving average price is $74.74 and its 200-day moving average price is $70.70.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.32 by $0.32. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts forecast that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 24th. Masco's payout ratio is presently 29.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial dropped their price objective on Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. UBS Group cut their price target on shares of Masco from $97.00 to $94.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. DA Davidson assumed coverage on Masco in a report on Monday, August 24th. They set a "neutral" rating and a $80.00 price objective on the stock. Barclays decreased their price target on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Masco presently has an average rating of "Hold" and a consensus price target of $79.56.

Masco Profile

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company operates primarily through two business segments: Plumbing Products and Decorative Architectural Products, serving professional contractors, distributors, retailers and consumers.

Masco's plumbing portfolio includes faucets, showers, bathtubs, showering systems and related products marketed under brands such as Delta, Brizo, Peerless and hansgrohe. Its decorative architectural products include interior and exterior paints, lighting, cabinetry hardware and other home-decorating products sold through brands including Behr, Kilz, Kichler and Liberty.

Founded in 1929 by Alex Manoogian, Masco has expanded from its original manufacturing operations into a global home products company.

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