Intact Investment Management Inc. Acquires Shares of 920 Masco Co. (NYSE:MAS)

Intact Investment Management Inc. acquired a new position in Masco Co. (NYSE:MAS) during the third quarter, Holdings Channel.com reports. The firm acquired 920 shares of the construction company’s stock, valued at approximately $77,000.

Several other institutional investors have also recently made changes to their positions in MAS. Norden Group LLC acquired a new stake in Masco during the 1st quarter worth about $389,000. First Trust Direct Indexing L.P. acquired a new stake in Masco during the first quarter worth about $211,000. Janney Montgomery Scott LLC lifted its holdings in Masco by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 16,215 shares of the construction company’s stock valued at $1,279,000 after acquiring an additional 183 shares during the period. Daiwa Securities Group Inc. boosted its position in Masco by 25.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,032 shares of the construction company’s stock worth $1,974,000 after purchasing an additional 5,076 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Masco by 13.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,354 shares of the construction company’s stock worth $343,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 1.2 %

Shares of MAS stock opened at $81.78 on Wednesday. Masco Co. has a fifty-two week low of $54.55 and a fifty-two week 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 stock’s fifty day moving average is $81.60 and its two-hundred day moving average is $74.62. The firm has a market capitalization of $17.64 billion, a P/E ratio of 21.75, a PEG ratio of 2.60 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.42%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MAS shares. Wells Fargo & Company boosted their target price on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets increased their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average target price of $85.96.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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.