California State Teachers Retirement System Has $2.33 Billion Holdings in Masco Corporation $MAS

Key Points

• California State Teachers Retirement System increased its Masco stake by 6,291.8% in the second quarter, owning 28.6 million shares valued at approximately $2.33 billion, or 14.51% of the company.
• Analysts remain cautious: Masco has a consensus “Hold” rating and an average price target of $79.56, compared with a recent share price of $68.62.
• Masco beat quarterly earnings expectations with EPS of $1.64 versus $1.32 forecast, though revenue declined 2.9% year over year. The company pays a quarterly dividend of $0.32, equating to a 1.9% annual yield.

California State Teachers Retirement System grew its stake in Masco Corporation (NYSE:MAS - Free Report) by 6,291.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,615,795 shares of the construction company's stock after purchasing an additional 28,168,099 shares during the quarter. California State Teachers Retirement System owned approximately 14.51% of Masco worth $2,328,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bard Associates Inc. acquired a new stake in Masco in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. bought a new position in Masco during the third quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in shares of Masco in the 2nd quarter valued at about $32,000. Headlands Technologies LLC boosted its holdings in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company's stock worth $35,000 after buying an additional 293 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Masco during the second quarter worth $37,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MAS. Weiss Ratings upgraded shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a research note on Monday, August 3rd. Zacks Research lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Barclays decreased their price objective on Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Finally, DA Davidson assumed coverage on shares of Masco in a research report on Monday, August 24th. They set a "neutral" rating and a $80.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $79.56.

Masco Stock Performance

NYSE:MAS opened at $68.62 on Friday. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The stock has a 50-day moving average price of $74.97 and a 200 day moving average price of $70.75. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The stock has a market capitalization of $13.53 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.65 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. Masco's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Masco's dividend payout ratio (DPR) is 29.43%.

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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