Masco Co. (NYSE:MAS) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its stake in Masco Co. (NYSE:MAS) by 25.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,014 shares of the construction company’s stock after purchasing an additional 49,588 shares during the quarter. Stifel Financial Corp owned about 0.11% of Masco worth $20,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAS. Innealta Capital LLC acquired a new position in Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth $38,000. Ashton Thomas Securities LLC acquired a new stake in Masco during the 3rd quarter valued at $43,000. Finally, Venturi Wealth Management LLC grew its holdings in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. 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. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird cut their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Masco presently has an average rating of “Hold” and a consensus target price of $85.96.

Masco Price Performance

Shares of MAS opened at $81.25 on Tuesday. Masco Co. has a 12 month low of $63.60 and a 12 month 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 stock has a fifty day moving average price of $81.37 and a 200 day moving average price of $76.29. The company has a market cap of $17.53 billion, a P/E ratio of 21.61, a PEG ratio of 2.63 and a beta of 1.23.

Masco (NYSE:MAS) last released 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. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, research 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. 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 1.43%. 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.