Public Employees Retirement Association of Colorado Purchases 20,092 Shares of Masco Co. (NYSE:MAS)

Public Employees Retirement Association of Colorado grew its holdings in shares of Masco Co. (NYSE:MASFree Report) by 716.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,895 shares of the construction company’s stock after buying an additional 20,092 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Masco were worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Masco by 1.2% in the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock worth $1,378,337,000 after buying an additional 298,116 shares in the last quarter. Boston Partners raised its stake in Masco by 1.8% in the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock valued at $615,282,000 after buying an additional 159,052 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Masco by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after acquiring an additional 254,040 shares in the last quarter. Northern Trust Corp grew its stake in shares of Masco by 3.8% during the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock worth $210,325,000 after acquiring an additional 145,472 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in Masco by 1.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock worth $223,288,000 after purchasing an additional 57,395 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAS has been the topic of several research analyst reports. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Loop Capital reduced their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Citigroup boosted their price target on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Evercore ISI cut their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.15.

Read Our Latest Report on MAS

Masco Stock Up 1.7 %

MAS stock opened at $67.14 on Tuesday. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The firm has a 50-day simple moving average of $71.19 and a 200-day simple moving average of $70.30. The stock has a market capitalization of $14.79 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.73 and a beta of 1.27.

Masco (NYSE:MASGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. Masco’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. Equities analysts forecast that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 1.73%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Masco Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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