BNP Paribas Financial Markets Raises Stock Holdings in Masco Co. (NYSE:MAS)

BNP Paribas Financial Markets boosted its position in Masco Co. (NYSE:MAS) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 588,402 shares of the construction company’s stock after purchasing an additional 3,613 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.27% of Masco worth $49,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after acquiring an additional 181,515 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Masco by 0.9% during the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after purchasing an additional 259,205 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after buying an additional 728,690 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Masco by 15.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock valued at $117,265,000 after buying an additional 238,512 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays increased their target price on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Loop Capital raised their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Performance

MAS stock opened at $80.42 on Friday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a 1 year low of $58.91 and a 1 year high of $86.70. The company has a market cap of $17.35 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The stock’s fifty day moving average price is $81.75 and its 200-day moving average price is $75.66.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (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 business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.44%. Masco’s payout ratio is presently 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.