Barclays PLC Has $74.19 Million Stock Holdings in Masco Co. (NYSE:MAS)

Barclays PLC grew its stake in shares of Masco Co. (NYSE:MAS) by 49.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 883,859 shares of the construction company’s stock after purchasing an additional 291,658 shares during the period. Barclays PLC owned approximately 0.41% of Masco worth $74,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Masco in the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new stake in Masco in the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Masco during the third quarter valued at approximately $38,000. LRI Investments LLC raised its position in shares of Masco by 850.8% during the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after purchasing an additional 536 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Masco in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

MAS stock opened at $79.35 on Thursday. The stock has a market cap of $17.12 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.63 and a beta of 1.23. 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’s fifty day simple moving average is $81.21 and its two-hundred day simple moving average is $76.38. Masco Co. has a 1-year low of $63.60 and a 1-year high of $86.70.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets increased their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.96.

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.