Illinois Municipal Retirement Fund Increases Stock Position in Masco Corporation $MAS

Illinois Municipal Retirement Fund raised its stake in Masco Corporation (NYSE:MAS) by 92.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 109,418 shares of the construction company’s stock after purchasing an additional 52,679 shares during the period. Illinois Municipal Retirement Fund’s holdings in Masco were worth $6,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in MAS. Bard Associates Inc. purchased a new stake in shares of Masco in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. purchased a new position in Masco during the 3rd quarter worth approximately $26,000. Bogart Wealth LLC grew its stake in Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares during the last quarter. Headlands Technologies LLC increased its position in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Masco in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $78.60 on Friday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11. The firm has a market cap of $15.86 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29. The firm’s fifty day moving average price is $73.45 and its 200 day moving average price is $69.53. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.21.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. Masco had a net margin of 10.90% and a return on equity of 815.20%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Masco’s quarterly revenue was up 6.5% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, sell-side analysts expect that Masco Corporation will post 4.25 EPS for the current year.

Masco announced that its Board of Directors has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Masco Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price objective on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Robert W. Baird increased their price target on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Barclays raised their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial lifted their price objective on shares of Masco from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.67.

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.