Texas Permanent School Fund Corp Sells 10,305 Shares of Masco Corporation $MAS

Texas Permanent School Fund Corp lessened its holdings in shares of Masco Corporation (NYSE:MAS) by 34.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,388 shares of the construction company’s stock after selling 10,305 shares during the period. Texas Permanent School Fund Corp’s holdings in Masco were worth $1,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Masco by 6.6% in the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after buying an additional 1,780,673 shares during the period. Boston Partners increased its stake in Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after acquiring an additional 810,881 shares during the period. Geode Capital Management LLC raised its holdings in Masco by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after acquiring an additional 60,672 shares in the last quarter. Holocene Advisors LP raised its holdings in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after acquiring an additional 1,635,746 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Masco by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock valued at $212,351,000 after acquiring an additional 206,311 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Down 0.3%

Shares of Masco stock opened at $64.07 on Wednesday. The firm’s 50 day moving average is $64.22 and its 200 day moving average is $67.24. The firm has a market capitalization of $13.31 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.78 and a beta of 1.27. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $82.18. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Masco’s dividend payout ratio (DPR) is 31.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAS shares. Vertical Research began coverage on Masco in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Royal Bank Of Canada dropped their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Barclays reiterated an “equal weight” rating and set a $71.00 price target (down previously from $76.00) on shares of Masco in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average price target of $73.53.

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.