Masco Co. (NYSE:MAS) Shares Purchased by Pensionfund Sabic

Pensionfund Sabic boosted its holdings in Masco Co. (NYSE:MAS) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,000 shares of the construction company’s stock after buying an additional 3,000 shares during the quarter. Pensionfund Sabic’s holdings in Masco were worth $1,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Masco in the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC purchased a new position in Masco in the third quarter valued at approximately $43,000. Venturi Wealth Management LLC raised its holdings in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after purchasing an additional 222 shares in the last quarter. Covestor Ltd lifted its position in shares of Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Masco in the 3rd quarter valued at $77,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the subject of a number of research reports. Citigroup reduced their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 target price (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. UBS Group raised their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and reduced their price objective for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.79.

Masco Stock Up 1.3 %

MAS stock opened at $73.14 on Tuesday. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a fifty day moving average of $77.89 and a 200-day moving average of $77.19. The stock has a market capitalization of $15.78 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates 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 previous year, the company earned $1.00 EPS. As a group, analysts expect that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is 30.85%.

Masco 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.