Caisse DE Depot ET Placement DU Quebec Grows Position in Masco Co. (NYSE:MAS)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 4,028.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,795 shares of the construction company's stock after acquiring an additional 195,931 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Masco worth $16,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Masco by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company's stock worth $655,414,000 after purchasing an additional 181,515 shares in the last quarter. Van ECK Associates Corp boosted its stake in Masco by 0.9% during the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company's stock worth $241,825,000 after acquiring an additional 26,259 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Masco by 10.0% in the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company's stock worth $190,347,000 after purchasing an additional 259,205 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Masco by 66.5% during the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock valued at $121,581,000 after purchasing an additional 728,690 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of Masco by 15.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company's stock worth $117,265,000 after purchasing an additional 238,512 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 0.1 %

Shares of MAS traded down $0.05 during midday trading on Monday, hitting $80.51. 1,410,240 shares of the company's stock traded hands, compared to its average volume of 1,787,673. Masco Co. has a 1 year low of $61.82 and a 1 year high of $86.70. The firm's fifty day moving average is $81.66 and its 200-day moving average is $75.82. 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 has a market capitalization of $17.37 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Masco's revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, November 8th. Masco's payout ratio is 30.85%.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on MAS. Wells Fargo & Company raised their price objective on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Royal Bank of Canada cut Masco from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Barclays boosted their price target on Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their price target on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Masco presently has a consensus rating of "Hold" and an average price target of $85.96.

About Masco

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.