Illinois Municipal Retirement Fund Has $11.45 Million Holdings in Masco Corporation (NYSE:MAS)

Illinois Municipal Retirement Fund grew its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 164,620 shares of the construction company's stock after buying an additional 14,420 shares during the quarter. Illinois Municipal Retirement Fund owned 0.08% of Masco worth $11,448,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Japan Co. Ltd. raised its stake in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Masco during the first quarter worth $29,000. Lee Danner & Bass Inc. acquired a new position in Masco in the 4th quarter valued at about $42,000. GeoWealth Management LLC boosted its position in Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after acquiring an additional 322 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Masco by 74.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock valued at $56,000 after purchasing an additional 330 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAS shares. The Goldman Sachs Group cut their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays set a $71.00 price objective on Masco and gave the company an "overweight" rating in a research note on Thursday, April 24th. Robert W. Baird decreased their target price on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Finally, Wells Fargo & Company boosted their price objective on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $73.63.

Masco Stock Up 4.3%

NYSE MAS traded up $2.74 during trading on Tuesday, reaching $67.10. 2,062,095 shares of the company's stock were exchanged, compared to its average volume of 1,839,208. The firm has a market capitalization of $14.15 billion, a PE ratio of 18.34, a P/E/G ratio of 2.44 and a beta of 1.20. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.09 and a debt-to-equity ratio of 20.74. The company's fifty day simple moving average is $62.92 and its 200-day simple moving average is $69.18.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is 33.88%.

Masco 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.