Teacher Retirement System of Texas Has $25.24 Million Stock Holdings in Masco Corp (NYSE:MAS)

Teacher Retirement System of Texas increased its position in shares of Masco Corp (NYSE:MAS) by 39.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,107 shares of the construction company’s stock after acquiring an additional 180,929 shares during the period. Teacher Retirement System of Texas’ holdings in Masco were worth $25,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ETF Managers Group LLC lifted its stake in Masco by 8.2% in the 1st quarter. ETF Managers Group LLC now owns 3,570 shares of the construction company’s stock valued at $140,000 after purchasing an additional 272 shares during the last quarter. Avestar Capital LLC lifted its stake in Masco by 7.3% in the 1st quarter. Avestar Capital LLC now owns 4,477 shares of the construction company’s stock valued at $156,000 after purchasing an additional 305 shares during the last quarter. Advisor Partners LLC lifted its stake in Masco by 3.7% in the 1st quarter. Advisor Partners LLC now owns 9,070 shares of the construction company’s stock valued at $357,000 after purchasing an additional 323 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in Masco by 3.8% in the 1st quarter. Great Valley Advisor Group Inc. now owns 8,892 shares of the construction company’s stock valued at $350,000 after purchasing an additional 329 shares during the last quarter. Finally, Boltwood Capital Management lifted its stake in Masco by 3.9% in the 2nd quarter. Boltwood Capital Management now owns 9,317 shares of the construction company’s stock valued at $366,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.

Several brokerages recently commented on MAS. Robert W. Baird set a $48.00 price objective on shares of Masco and gave the company a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada set a $45.00 price objective on shares of Masco and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research raised shares of Masco from a “sell” rating to a “hold” rating and set a $44.00 price objective for the company in a research note on Monday, July 29th. TheStreet downgraded shares of Masco from a “b” rating to a “c+” rating in a research note on Friday, July 26th. Finally, Zelman & Associates raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.27.

Shares of MAS stock traded down $0.33 during trading hours on Thursday, hitting $40.59. 68,232 shares of the company’s stock traded hands, compared to its average volume of 2,935,919. The stock’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $38.55. The stock has a market cap of $11.24 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.44. Masco Corp has a 12 month low of $27.03 and a 12 month high of $42.58. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 39.03.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. Masco had a net margin of 8.77% and a return on equity of 792.80%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts expect that Masco Corp will post 2.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Friday, July 12th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, July 11th. Masco’s dividend payout ratio is presently 19.20%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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