Power Corp of Canada Takes $6.10 Million Position in Masco Co. (NYSE:MAS)

Power Corp of Canada acquired a new stake in shares of Masco Co. (NYSE:MASFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 91,130 shares of the construction company’s stock, valued at approximately $6,104,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Neuberger Berman Group LLC increased its stake in shares of Masco by 9.4% during the 4th quarter. Neuberger Berman Group LLC now owns 49,055 shares of the construction company’s stock valued at $3,286,000 after acquiring an additional 4,200 shares during the last quarter. Ossiam increased its position in Masco by 16.3% during the 4th quarter. Ossiam now owns 14,304 shares of the construction company’s stock worth $958,000 after purchasing an additional 2,000 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Masco by 148.3% in the 4th quarter. Quadrature Capital Ltd now owns 25,938 shares of the construction company’s stock worth $1,737,000 after acquiring an additional 15,493 shares during the period. Schroder Investment Management Group boosted its holdings in Masco by 6.6% in the 4th quarter. Schroder Investment Management Group now owns 1,620,690 shares of the construction company’s stock worth $108,554,000 after acquiring an additional 100,561 shares during the period. Finally, Morningstar Investment Services LLC boosted its holdings in Masco by 107.1% in the 4th quarter. Morningstar Investment Services LLC now owns 108,164 shares of the construction company’s stock worth $7,265,000 after acquiring an additional 55,947 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAS shares. Evercore ISI decreased their price target on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Royal Bank of Canada increased their target price on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Loop Capital reduced their target price on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Finally, Citigroup increased their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.15.

View Our Latest Analysis on Masco

Masco Stock Performance

NYSE MAS traded up $0.07 during trading hours on Tuesday, hitting $67.21. The company had a trading volume of 1,152,568 shares, compared to its average volume of 1,928,872. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The business has a fifty day simple moving average of $70.98 and a 200-day simple moving average of $70.35. The firm has a market cap of $14.80 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27.

Masco (NYSE:MASGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, May 23rd. Masco’s dividend payout ratio (DPR) is 28.43%.

About Masco

(Free Report)

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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