Masco Co. (NYSE:MAS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Masco Co. (NYSE:MAS) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 922,566 shares of the construction company’s stock after acquiring an additional 73,405 shares during the quarter. Victory Capital Management Inc.’s holdings in Masco were worth $77,440,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Masco in the first quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Masco in the second quarter valued at $25,000. Family Firm Inc. acquired a new stake in Masco in the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after acquiring an additional 179 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Masco in the third quarter valued at $38,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the subject of several research reports. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Moderate Buy” and an average target price of $85.96.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The stock was 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 in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Masco Trading Up 0.3 %

Masco stock opened at $79.25 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a market cap of $17.10 billion, a PE ratio of 21.08, a P/E/G ratio of 2.56 and a beta of 1.24. The stock has a 50-day moving average price of $81.80 and a 200 day moving average price of $75.05. Masco Co. has a 52 week low of $57.18 and a 52 week high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. 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 declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend 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.