Masco Co. (NYSE:MAS) Shares Purchased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its position in Masco Co. (NYSE:MAS) by 219.1% in the 3rd quarter, Holdings Channel reports. The fund owned 8,121 shares of the construction company’s stock after purchasing an additional 5,576 shares during the period. Integrated Investment Consultants LLC’s holdings in Masco were worth $682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Manning & Napier Advisors LLC acquired a new position in shares of Masco during the 2nd quarter valued at $82,363,000. Boston Trust Walden Corp grew its position in shares of Masco by 28.3% during the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company’s stock valued at $31,195,000 after buying an additional 103,310 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Masco by 12.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 210,512 shares of the construction company’s stock valued at $16,600,000 after buying an additional 22,540 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Masco by 507.8% during the 1st quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company’s stock valued at $2,299,000 after buying an additional 24,352 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Masco by 16.9% in the 1st quarter. Toronto Dominion Bank now owns 142,652 shares of the construction company’s stock worth $11,252,000 after purchasing an additional 20,666 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted 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. Finally, Robert W. Baird decreased their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $85.96.

Masco Stock Performance

NYSE MAS opened at $78.41 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. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 2.47 and a beta of 1.24. The company’s fifty day moving average is $81.78 and its two-hundred day moving average is $75.37. Masco Co. has a 52-week low of $58.89 and a 52-week high of $86.70.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.98 billion for 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 firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Equities research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio (DPR) is 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.