Beutel Goodman & Co Ltd. Has $202.17 Million Stock Holdings in Masco Co. (NYSE:MAS)

Beutel Goodman & Co Ltd. grew its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,785,866 shares of the construction company's stock after buying an additional 3,992 shares during the period. Beutel Goodman & Co Ltd. owned approximately 1.29% of Masco worth $202,170,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MAS. State Street Corp raised its holdings in Masco by 1.9% in the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company's stock valued at $864,103,000 after acquiring an additional 194,297 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Masco by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock valued at $235,881,000 after purchasing an additional 299,520 shares during the period. Nordea Investment Management AB raised its stake in shares of Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company's stock valued at $218,063,000 after purchasing an additional 520,555 shares in the last quarter. Norges Bank acquired a new position in shares of Masco in the fourth quarter valued at $129,306,000. Finally, Empower Advisory Group LLC lifted its position in Masco by 2.0% in the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock worth $73,737,000 after purchasing an additional 20,129 shares during the period. Institutional investors own 93.91% of the company's stock.

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Masco Trading Up 1.7 %

MAS traded up $1.16 during mid-day trading on Wednesday, reaching $71.00. The stock had a trading volume of 358,146 shares, compared to its average volume of 1,647,214. The firm's fifty day simple moving average is $74.89 and its two-hundred day simple moving average is $77.78. The stock has a market capitalization of $15.05 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.94 and a beta of 1.24. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same period in the previous year, the business earned $0.83 EPS. On average, equities analysts predict that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. Masco's payout ratio is 32.98%.

Analyst Upgrades and Downgrades

MAS has been the topic of several analyst reports. Jefferies Financial Group lowered shares of Masco from a "buy" rating to a "hold" rating and lowered their price target for the company from $96.00 to $89.00 in a report on Monday, December 16th. Barclays upped their target price on shares of Masco from $84.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Oppenheimer upgraded shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target for the company in a research note on Friday, January 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $74.00 price objective on shares of Masco in a research note on Wednesday, February 12th. Finally, Zelman & Associates raised Masco to a "strong-buy" rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $85.30.

Insider Activity at Masco

In other Masco news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the transaction, the chief executive officer now directly owns 60,267 shares of the company's stock, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.