Public Employees Retirement System of Ohio Buys Shares of 140,727 Masco Corporation $MAS

Public Employees Retirement System of Ohio purchased a new stake in Masco Corporation (NYSE:MAS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 140,727 shares of the construction company’s stock, valued at approximately $11,451,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Masco in the third quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Masco during the 4th quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in shares of Masco during the 2nd quarter worth $32,000. Headlands Technologies LLC increased its position in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Masco in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.0%

Shares of NYSE MAS opened at $73.28 on Monday. The stock has a market cap of $14.45 billion, a P/E ratio of 16.85, a PEG ratio of 1.85 and a beta of 1.30. The business’s fifty day simple moving average is $76.70 and its 200-day simple moving average is $71.11. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the firm posted $1.30 EPS. Masco’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco declared that its board has approved a stock repurchase program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s payout ratio is currently 29.43%.

Wall Street Analyst Weigh In

A number of research firms have commented on MAS. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research report on Monday, August 3rd. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Truist Financial cut their price objective on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays decreased their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price target on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average target price of $79.88.

About Masco

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.