Masco Co. (NYSE:MAS) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. grew its position in Masco Co. (NYSE:MAS) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,914 shares of the construction company’s stock after acquiring an additional 597 shares during the period. Coldstream Capital Management Inc.’s holdings in Masco were worth $326,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new position in Masco in the 2nd quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of Masco during the 2nd quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the 3rd quarter worth approximately $38,000. LRI Investments LLC grew its stake in Masco by 850.8% in the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after acquiring an additional 536 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in Masco in the 3rd quarter worth $43,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 0.6 %

Shares of NYSE:MAS opened at $78.76 on Monday. Masco Co. has a 52-week low of $63.60 and a 52-week high of $86.70. 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 business has a fifty day moving average of $81.05 and a two-hundred day moving average of $76.59. The stock has a market cap of $16.99 billion, a P/E ratio of 20.95, a PEG ratio of 2.57 and a beta of 1.23.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. On average, research analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Robert W. Baird cut their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.04.

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.