Masco Co. (NYSE:MAS) Shares Acquired by Czech National Bank

Czech National Bank lifted its stake in shares of Masco Co. (NYSE:MAS) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,779 shares of the construction company’s stock after buying an additional 2,320 shares during the quarter. Czech National Bank’s holdings in Masco were worth $3,395,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock valued at $28,147,000 after buying an additional 56,626 shares during the last quarter. Seizert Capital Partners LLC boosted its holdings in Masco by 21.7% in the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after purchasing an additional 96,415 shares during the last quarter. Hsbc Holdings PLC grew its stake in Masco by 11.6% during the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock valued at $30,932,000 after purchasing an additional 48,379 shares in the last quarter. Versant Capital Management Inc increased its holdings in Masco by 69.1% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after purchasing an additional 631 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Masco in the 2nd quarter valued at approximately $1,509,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAS. Barclays decreased their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup dropped their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their target price 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. Loop Capital lifted their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and cut their price objective for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of “Hold” and an average price target of $86.27.

Masco Stock Up 0.6 %

Shares of Masco stock opened at $77.54 on Friday. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.17 and a beta of 1.25. 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 business’s 50 day simple moving average is $76.90 and its 200-day simple moving average is $77.45.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio 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.