National Bank of Canada FI Buys 50,512 Shares of Masco Co. (NYSE:MAS)

National Bank of Canada FI increased its stake in Masco Co. (NYSE:MAS - Free Report) by 81.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,835 shares of the construction company's stock after acquiring an additional 50,512 shares during the quarter. National Bank of Canada FI owned 0.05% of Masco worth $9,471,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its stake in Masco by 3.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,813 shares of the construction company's stock valued at $3,254,000 after purchasing an additional 1,572 shares in the last quarter. Montecito Bank & Trust increased its stake in Masco by 13.1% during the 2nd quarter. Montecito Bank & Trust now owns 5,225 shares of the construction company's stock valued at $348,000 after purchasing an additional 607 shares in the last quarter. Blue Trust Inc. increased its stake in Masco by 38.5% during the 2nd quarter. Blue Trust Inc. now owns 738 shares of the construction company's stock valued at $49,000 after purchasing an additional 205 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its stake in Masco by 18.9% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 215,811 shares of the construction company's stock valued at $14,388,000 after purchasing an additional 34,345 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in Masco by 28.3% during the 2nd quarter. Boston Trust Walden Corp now owns 467,897 shares of the construction company's stock valued at $31,195,000 after purchasing an additional 103,310 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. Evercore ISI upped their target price 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. Jefferies Financial Group upped their target price on shares of Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Royal Bank of Canada lowered shares of Masco from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, Barclays upped their target price on shares of Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of "Hold" and a consensus price target of $85.96.

Masco Stock Performance

NYSE MAS traded down $0.12 during trading on Thursday, hitting $79.23. 1,037,506 shares of the company's stock traded hands, compared to its average volume of 1,770,197. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.63 and a beta of 1.23. Masco Co. has a 12-month low of $63.60 and a 12-month high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The business has a 50 day moving average of $81.21 and a 200-day moving average of $76.38.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting 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 analysts' expectations of $2 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company's revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, November 8th. Masco's dividend payout ratio is presently 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.