Oppenheimer & Co. Inc. Decreases Stake in Masco Co. (NYSE:MAS)

Oppenheimer & Co. Inc. lessened its holdings in shares of Masco Co. (NYSE:MAS) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,455 shares of the construction company’s stock after selling 1,971 shares during the period. Oppenheimer & Co. Inc.’s holdings in Masco were worth $4,487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its position in shares of Masco by 10.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 157,513 shares of the construction company’s stock valued at $13,222,000 after purchasing an additional 15,070 shares in the last quarter. Haverford Trust Co boosted its stake in Masco by 1.0% during the third quarter. Haverford Trust Co now owns 460,559 shares of the construction company’s stock worth $38,659,000 after buying an additional 4,368 shares during the last quarter. Empower Advisory Group LLC grew its holdings in Masco by 1.5% in the 3rd quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after buying an additional 14,870 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Masco by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 922,566 shares of the construction company’s stock worth $77,440,000 after acquiring an additional 73,405 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Masco during the 3rd quarter worth $241,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on MAS. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their price objective on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. UBS Group raised their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Eight investment 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, Masco presently has an average rating of “Hold” and an average price target of $85.96.

Masco Stock Down 0.1 %

Shares of NYSE:MAS opened at $79.19 on Friday. The firm has a market capitalization of $17.09 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. Masco Co. has a 1 year low of $58.89 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm’s 50-day moving average is $81.84 and its two-hundred day moving average is $75.08.

Masco (NYSE:MAS) last announced its 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 in the prior year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

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.