Teachers Retirement System of The State of Kentucky Has $47.56 Million Stock Holdings in Masco Corporation (NYSE:MAS)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 683,962 shares of the construction company's stock after purchasing an additional 75,945 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.32% of Masco worth $47,562,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC bought a new stake in Masco during the first quarter valued at $256,000. Lipe & Dalton acquired a new stake in Masco in the first quarter worth about $3,712,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the first quarter worth about $33,000. Hollencrest Capital Management bought a new position in shares of Masco during the 1st quarter valued at about $188,000. Finally, Ascent Wealth Partners LLC lifted its stake in Masco by 10.5% during the first quarter. Ascent Wealth Partners LLC now owns 4,667 shares of the construction company's stock valued at $325,000 after buying an additional 445 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Up 2.4%

MAS stock traded up $1.54 during midday trading on Tuesday, hitting $66.67. 1,276,992 shares of the company traded hands, compared to its average volume of 1,816,822. The business has a 50 day simple moving average of $64.38 and a 200-day simple moving average of $68.42. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company's revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Equities research analysts forecast 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. Shareholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.86%. Masco's payout ratio is presently 33.88%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MAS. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Truist Financial reduced their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays increased their price target on shares of Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Evercore ISI reduced their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and issued a $80.00 price target (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.03.

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.