Teachers Retirement System of The State of Kentucky Purchases 76,317 Shares of Masco Co. (NYSE:MAS)

Teachers Retirement System of The State of Kentucky raised its position in Masco Co. (NYSE:MAS - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 655,914 shares of the construction company's stock after buying an additional 76,317 shares during the quarter. Masco comprises about 0.5% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 28th largest position. Teachers Retirement System of The State of Kentucky owned about 0.30% of Masco worth $55,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company's stock valued at $83,070,000 after purchasing an additional 895,950 shares during the last quarter. Acadian Asset Management LLC raised its stake in Masco by 66.5% during the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock worth $121,581,000 after acquiring an additional 728,690 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Masco by 86.5% in the second quarter. Bank of Montreal Can now owns 634,740 shares of the construction company's stock worth $42,318,000 after acquiring an additional 294,409 shares during the last quarter. Barclays PLC boosted its stake in shares of Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company's stock valued at $74,192,000 after purchasing an additional 291,658 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Masco by 56.9% during the 2nd quarter. AQR Capital Management LLC now owns 752,374 shares of the construction company's stock valued at $50,161,000 after purchasing an additional 272,786 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

MAS remained flat at $79.35 during trading on Wednesday. 1,542,421 shares of the company's stock were exchanged, compared to its average volume of 1,772,242. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a 50 day simple moving average of $81.28 and a 200-day simple moving average of $76.36. Masco Co. has a twelve month low of $63.60 and a twelve month high of $86.70. The stock has a market capitalization of $17.12 billion, a PE ratio of 21.11, a PEG ratio of 2.63 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, equities research analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. Masco's dividend payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

MAS has been the subject of several research reports. Royal Bank of Canada downgraded shares of Masco from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Evercore ISI upped their price objective on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average price target of $85.96.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.