Masco Co. (NYSE:MAS) Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in Masco Co. (NYSE:MAS) by 4,028.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,795 shares of the construction company’s stock after buying an additional 195,931 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Masco worth $16,855,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MAS. Manning & Napier Advisors LLC acquired a new stake in Masco during the 2nd quarter worth $82,363,000. Assenagon Asset Management S.A. boosted its stake in Masco by 956.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after purchasing an additional 895,950 shares during the period. Acadian Asset Management LLC boosted its stake in Masco by 66.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after purchasing an additional 728,690 shares during the period. Bank of Montreal Can boosted its stake in Masco by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock worth $42,318,000 after purchasing an additional 294,409 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Masco by 89.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock worth $38,642,000 after purchasing an additional 273,718 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent research reports. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays raised their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, 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 research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco Stock Performance

Shares of MAS opened at $80.56 on Monday. The company has a 50-day simple moving average of $81.66 and a 200-day simple moving average of $75.79. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $17.38 billion, a PE ratio of 21.43, a P/E/G ratio of 2.61 and a beta of 1.24. Masco Co. has a 52-week low of $59.72 and a 52-week high of $86.70.

Masco (NYSE:MAS) last posted 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. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a dividend of $0.29 per share. 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 dividend payout ratio (DPR) is currently 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.