Masco Corp (MAS) Stake Decreased by Texas Permanent School Fund

Texas Permanent School Fund lowered its position in Masco Corp (NYSE:MAS) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,292 shares of the construction company’s stock after selling 4,155 shares during the quarter. Texas Permanent School Fund’s holdings in Masco were worth $2,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CSat Investment Advisory L.P. raised its stake in shares of Masco by 97.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock valued at $27,000 after acquiring an additional 460 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Masco by 59.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock valued at $33,000 after acquiring an additional 418 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Masco by 2,789.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,017,377 shares of the construction company’s stock valued at $35,000 after acquiring an additional 982,170 shares during the period. Ellis Investment Partners LLC purchased a new stake in shares of Masco in the first quarter valued at $38,000. Finally, Private Capital Group LLC raised its stake in shares of Masco by 333.3% in the fourth quarter. Private Capital Group LLC now owns 1,794 shares of the construction company’s stock valued at $52,000 after acquiring an additional 1,380 shares during the period. 91.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Masco stock opened at $37.55 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 65.98. Masco Corp has a 1 year low of $27.03 and a 1 year high of $41.00. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.52 and a beta of 1.43.

Masco (NYSE:MAS) last issued its earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Masco Corp will post 2.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, April 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, April 11th. Masco’s payout ratio is 19.20%.

In other Masco news, VP John P. Lindow sold 37,795 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the transaction, the vice president now directly owns 60,454 shares in the company, valued at approximately $2,361,937.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith J. Allman sold 51,283 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $39.82, for a total transaction of $2,042,089.06. Following the transaction, the insider now owns 426,072 shares in the company, valued at $16,966,187.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,940 shares of company stock worth $11,890,269. 1.17% of the stock is owned by company insiders.

MAS has been the topic of several recent analyst reports. Buckingham Research initiated coverage on shares of Masco in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $39.00 target price on the stock. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Credit Suisse Group restated a “hold” rating and issued a $34.00 price target on shares of Masco in a report on Thursday, February 7th. TheStreet upgraded shares of Masco from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Finally, Robert W. Baird set a $41.00 price target on shares of Masco and gave the stock a “buy” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.33.

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About Masco

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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