Public Employees Retirement System of Ohio Decreases Stock Position in Masco Corporation $MAS

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Masco Corporation by 45.1%, ending the second quarter with 80,752 shares valued at approximately $5.2 million.
• Analysts have varied perspectives on Masco, with a range of price targets set, including a high of $79.00 and a consensus price target of $74.60, resulting in an overall "Moderate Buy" rating.
• Masco announced a quarterly dividend of $0.31 per share, representing an annual yield of 1.8%, with a dividend payout ratio of 32.89%.

Public Employees Retirement System of Ohio lowered its stake in Masco Corporation (NYSE:MAS - Free Report) by 45.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,752 shares of the construction company's stock after selling 66,445 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Masco were worth $5,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MAS. DB Fitzpatrick & Co Inc lifted its holdings in shares of Masco by 4.9% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 13,955 shares of the construction company's stock valued at $898,000 after acquiring an additional 655 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Masco by 5.3% in the 2nd quarter. Fifth Third Bancorp now owns 45,661 shares of the construction company's stock valued at $2,939,000 after acquiring an additional 2,281 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Masco by 21.6% in the 2nd quarter. GAMMA Investing LLC now owns 15,945 shares of the construction company's stock valued at $1,026,000 after acquiring an additional 2,835 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Masco in the 2nd quarter valued at about $104,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Masco by 9.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company's stock valued at $143,000 after acquiring an additional 195 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAS has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Barclays increased their price target on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Robert W. Baird lowered shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.60.

Masco Stock Down 0.6%

Shares of NYSE MAS opened at $70.00 on Tuesday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.57 and a beta of 1.19. The stock has a 50 day moving average price of $71.69 and a 200 day moving average price of $66.85. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.Masco's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio (DPR) is presently 32.89%.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Company 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.

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