Masco Co. (NYSE:MAS) Shares Bought by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its stake in Masco Co. (NYSE:MAS) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,249 shares of the construction company’s stock after purchasing an additional 2,400 shares during the period. Investment Management Corp of Ontario’s holdings in Masco were worth $1,448,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAS. Innealta Capital LLC purchased a new position in Masco during the 2nd quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter worth about $30,000. Capital Performance Advisors LLP purchased a new position in Masco during the third quarter worth about $38,000. LRI Investments LLC lifted its position in Masco by 850.8% in the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after purchasing an additional 536 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Masco in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 0.0 %

Masco stock opened at $80.39 on Friday. The stock has a market cap of $17.34 billion, a PE ratio of 21.38, a P/E/G ratio of 2.62 and a beta of 1.23. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a 52 week low of $62.78 and a 52 week high of $86.70. The stock has a 50-day moving average price of $81.53 and a 200 day moving average price of $76.00.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco’s dividend payout ratio is currently 30.85%.

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. Loop Capital raised their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Evercore ISI upped their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Masco currently has an average rating of “Hold” and an average price target of $85.96.

Insider Buying and Selling at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.