Masco Co. (NYSE:MAS) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,513 shares of the construction company's stock after buying an additional 15,070 shares during the period. Oppenheimer Asset Management Inc. owned about 0.07% of Masco worth $13,222,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Haverford Trust Co raised its stake in shares of Masco by 1.0% in the third quarter. Haverford Trust Co now owns 460,559 shares of the construction company's stock valued at $38,659,000 after acquiring an additional 4,368 shares in the last quarter. Empower Advisory Group LLC increased its holdings in Masco by 1.5% during the 3rd quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company's stock worth $83,600,000 after purchasing an additional 14,870 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Masco by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 922,566 shares of the construction company's stock valued at $77,440,000 after buying an additional 73,405 shares during the period. Aigen Investment Management LP purchased a new position in shares of Masco in the 3rd quarter valued at about $241,000. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Masco by 9.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 46,777 shares of the construction company's stock worth $3,926,000 after buying an additional 4,028 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAS has been the subject of a number of recent research reports. 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. StockNews.com upgraded shares of Masco from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Loop Capital increased their price objective on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada cut Masco from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.96.

Masco Stock Performance

Shares of NYSE MAS traded down $0.06 during mid-day trading on Thursday, hitting $79.19. 1,977,139 shares of the company were exchanged, compared to its average volume of 1,802,365. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The stock has a 50 day simple moving average of $81.84 and a 200-day simple moving average of $75.08. Masco Co. has a 1-year low of $58.89 and a 1-year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. On average, sell-side analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The firm 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 $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. Masco's dividend payout ratio is currently 30.85%.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction dated 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 sale, the vice president now owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

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.