Masco Co. (NYSE:MAS) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its position in Masco Co. (NYSE:MAS) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,260 shares of the construction company’s stock after acquiring an additional 498 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Masco were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Masco in the first quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of Masco during the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Masco during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Up 1.1 %

Masco stock opened at $77.01 on Thursday. The company has a 50 day moving average price of $81.79 and a 200 day moving average price of $75.35. Masco Co. has a 52 week low of $58.89 and a 52 week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.54 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 50.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research analyst reports. Loop Capital raised their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.96.

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.