National Bank of Canada FI Buys 111,469 Shares of Masco Co. (NYSE:MAS)

National Bank of Canada FI raised its stake in shares of Masco Co. (NYSE:MAS) by 217.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,830 shares of the construction company’s stock after buying an additional 111,469 shares during the quarter. National Bank of Canada FI’s holdings in Masco were worth $10,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAS. Van ECK Associates Corp raised its position in shares of Masco by 15.4% in the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company’s stock worth $284,404,000 after buying an additional 711,988 shares in the last quarter. Lazard Asset Management LLC raised its stake in Masco by 1,307.8% in the third quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company’s stock valued at $36,708,000 after purchasing an additional 638,010 shares in the last quarter. Acadian Asset Management LLC lifted its position in Masco by 443.5% during the third quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company’s stock valued at $26,829,000 after purchasing an additional 409,767 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Masco by 87.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company’s stock worth $43,609,000 after buying an additional 380,267 shares during the last quarter. Finally, Yacktman Asset Management LP bought a new stake in shares of Masco during the 3rd quarter worth $19,542,000. 93.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAS shares. Loop Capital dropped their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Truist Financial upped their price target on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Citigroup boosted their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada raised their price target on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Seven investment 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 “Moderate Buy” and an average target price of $72.15.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the sale, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,762 shares of company stock valued at $6,337,597. Corporate insiders own 1.10% of the company’s stock.

Masco Stock Down 0.0 %

Shares of NYSE:MAS opened at $70.66 on Thursday. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. Masco Co. has a 52-week low of $47.66 and a 52-week high of $78.94. The firm has a market capitalization of $15.56 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.83 and a beta of 1.28. The stock has a 50 day moving average price of $74.34 and a 200-day moving average price of $67.99.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. As a group, equities research analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

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.