New York State Common Retirement Fund Has $30.37 Million Stock Holdings in Masco Corporation (NYSE:MAS)

New York State Common Retirement Fund reduced its stake in Masco Corporation (NYSE:MAS - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 436,787 shares of the construction company's stock after selling 55,775 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of Masco worth $30,374,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock valued at $1,580,000 after purchasing an additional 2,184 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock valued at $769,000 after buying an additional 270 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Masco by 11.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock valued at $5,990,000 after buying an additional 8,508 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Masco by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after buying an additional 235 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after buying an additional 10,100 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MAS. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. 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 note on Wednesday, May 14th. Barclays boosted their price objective on Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Robert W. Baird cut their price target on Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Masco presently has an average rating of "Hold" and an average target price of $74.03.

Masco Stock Performance

Shares of NYSE MAS traded down $0.65 during trading hours on Friday, reaching $65.24. 721,074 shares of the stock were exchanged, compared to its average volume of 1,822,915. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 2.47 and a beta of 1.19. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The stock's fifty day simple moving average is $64.31 and its 200 day simple moving average is $68.52.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is presently 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.