Louisiana State Employees Retirement System Purchases Shares of 10,400 Masco Corporation $MAS

Louisiana State Employees Retirement System purchased a new position in shares of Masco Corporation (NYSE:MAS) during the 1st quarter, Holdings Channel.com reports. The fund purchased 10,400 shares of the construction company’s stock, valued at approximately $628,000.

A number of other hedge funds have also recently made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Masco by 20.7% in the 4th quarter. Covestor Ltd now owns 829 shares of the construction company’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. Ritholtz Wealth Management raised its position in Masco by 3.9% in the 1st quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock worth $242,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC lifted its stake in Masco by 2.4% in the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after purchasing an additional 154 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Masco by 3.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after purchasing an additional 167 shares during the last quarter. Finally, Nelson Capital Management LLC boosted its position in Masco by 0.4% during the third quarter. Nelson Capital Management LLC now owns 38,516 shares of the construction company’s stock valued at $2,711,000 after buying an additional 171 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Down 2.2%

NYSE MAS opened at $79.28 on Wednesday. The stock has a market cap of $15.99 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.29. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.21. The stock has a 50 day simple moving average of $72.58 and a two-hundred day simple moving average of $68.83. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts forecast that Masco Corporation will post 4.25 earnings per share for the current year.

Masco declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.6%. Masco’s dividend payout ratio is 31.76%.

Analyst Ratings Changes

Several research analysts have recently commented on MAS shares. BMO Capital Markets decreased their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. The Goldman Sachs Group increased their target price on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Barclays raised their price target on Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, UBS Group increased their price objective on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $80.07.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door?bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.