VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Masco Corporation $MAS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Masco Corporation (NYSE:MAS) during the second quarter, Holdings Channel.com reports. The fund acquired 611,591 shares of the construction company’s stock, valued at approximately $49,765,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Masco in the third quarter worth about $26,000. Bard Associates Inc. purchased a new stake in Masco in the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc bought a new position in Masco in the 2nd quarter valued at $32,000. Headlands Technologies LLC grew 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 valued at $35,000 after purchasing an additional 293 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Masco during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAS. Wells Fargo & Company increased their price objective on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. DA Davidson began coverage on Masco in a research note on Monday, August 24th. They issued a “neutral” rating and a $80.00 target price on the stock. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. UBS Group dropped their price target on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Citigroup cut their price objective on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.88.

Masco Stock Performance

NYSE MAS opened at $72.74 on Monday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a fifty day moving average of $76.17 and a 200-day moving average of $70.92. The company has a market capitalization of $14.34 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.78 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86.

Masco (NYSE:MAS) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue 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 research analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The company 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 was Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Masco’s dividend payout ratio is 29.43%.

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.