BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $30.96 Million Stock Position in Masco Co. (NYSE:MAS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in Masco Co. (NYSE:MAS - Free Report) by 29.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 368,820 shares of the construction company's stock after selling 155,748 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.17% of Masco worth $30,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Moors & Cabot Inc. acquired a new position in shares of Masco in the 3rd quarter valued at about $208,000. Commerce Bank increased its holdings in shares of Masco by 15.0% in the 3rd quarter. Commerce Bank now owns 14,451 shares of the construction company's stock valued at $1,213,000 after purchasing an additional 1,888 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Masco by 5.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 83,459 shares of the construction company's stock valued at $7,006,000 after purchasing an additional 4,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Masco in the 3rd quarter valued at approximately $1,152,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of Masco by 4.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 12,260 shares of the construction company's stock valued at $1,029,000 after buying an additional 498 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Up 0.9 %

Shares of Masco stock traded up $0.68 on Friday, reaching $79.01. 1,260,624 shares of the company were exchanged, compared to its average volume of 1,806,374. Masco Co. has a one year low of $58.91 and a one year high of $86.70. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.54 and a beta of 1.24. 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 company has a 50-day moving average of $81.76 and a 200 day moving average of $75.43.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.08. The company had revenue of $1.98 billion for 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 business's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. On average, equities research analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced 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 1.47%. The ex-dividend date of this dividend is Friday, November 8th. Masco's dividend payout ratio (DPR) is currently 30.85%.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.96.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by 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.