Healthcare of Ontario Pension Plan Trust Fund Invests $7.71 Million in Masco Co. (NYSE:MAS)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Masco Co. (NYSE:MAS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 140,420 shares of the construction company’s stock, valued at approximately $7,713,000.

A number of other large investors also recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd boosted its stake in Masco by 11.7% during the fourth quarter. IFM Investors Pty Ltd now owns 25,726 shares of the construction company’s stock worth $1,413,000 after buying an additional 2,689 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Masco by 429.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 335,972 shares of the construction company’s stock worth $18,522,000 after acquiring an additional 272,537 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Masco by 19.7% during the 4th quarter. Wedge Capital Management L L P NC now owns 316,060 shares of the construction company’s stock worth $17,361,000 after purchasing an additional 52,082 shares during the period. KBC Group NV grew its holdings in Masco by 7.0% during the 4th quarter. KBC Group NV now owns 131,346 shares of the construction company’s stock valued at $7,215,000 after purchasing an additional 8,538 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in Masco by 160.3% during the 4th quarter. Westpac Banking Corp now owns 75,697 shares of the construction company’s stock valued at $4,158,000 after purchasing an additional 46,618 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Shares of MAS stock opened at $61.10 on Thursday. The company has a market cap of $15.71 billion, a P/E ratio of 11.29, a PEG ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 8.17, a current ratio of 2.01 and a quick ratio of 1.54. The stock’s 50-day moving average is $56.62 and its 200 day moving average is $55.66. Masco Co. has a 1-year low of $37.62 and a 1-year high of $62.86.

Masco (NYSE:MAS) last released its quarterly earnings results on Monday, February 8th. The construction company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Masco had a net margin of 21.27% and a return on equity of 1,966.88%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, analysts anticipate that Masco Co. will post 3.07 EPS for the current year.

Masco declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 9th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 13.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO Keith J. Allman sold 6,543 shares of the business’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $53.20, for a total transaction of $348,087.60. Also, CFO John G. Sznewajs sold 7,615 shares of the firm’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $56.21, for a total value of $428,039.15. Following the completion of the transaction, the chief financial officer now owns 222,475 shares of the company’s stock, valued at approximately $12,505,319.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,075 shares of company stock valued at $2,452,777. 1.23% of the stock is owned by insiders.

A number of research firms have recently commented on MAS. Loop Capital cut Masco from a “buy” rating to a “hold” rating and set a $61.00 target price on the stock. in a research note on Wednesday, February 10th. BMO Capital Markets began coverage on Masco in a research note on Wednesday, January 13th. They issued a “market perform” rating and a $62.00 target price on the stock. Wolfe Research started coverage on shares of Masco in a research note on Tuesday, March 23rd. They set a “peer perform” rating for the company. Zacks Investment Research cut shares of Masco from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Tuesday, December 29th. Finally, Credit Suisse Group lifted their price objective on shares of Masco from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.55.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products. The 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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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