Nomura Asset Management Co. Ltd. Purchases 14,131 Shares of Masco Co. (NYSE:MAS)

Nomura Asset Management Co. Ltd. boosted its position in Masco Co. (NYSE:MAS - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,625 shares of the construction company's stock after purchasing an additional 14,131 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.05% of Masco worth $9,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company's stock worth $170,000 after buying an additional 128 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company's stock worth $3,756,000 after acquiring an additional 132 shares during the period. Metis Global Partners LLC grew its position in shares of Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company's stock valued at $590,000 after purchasing an additional 133 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Masco by 1.8% during the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company's stock valued at $665,000 after purchasing an additional 137 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company's stock valued at $275,000 after purchasing an additional 142 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

MAS traded down $0.12 during midday trading on Thursday, hitting $79.23. The stock had a trading volume of 1,065,559 shares, compared to its average volume of 1,772,032. The company has a market cap of $17.09 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. Masco Co. has a 1 year low of $63.60 and a 1 year high of $86.70. The business has a fifty day moving average of $81.21 and a 200 day moving average of $76.38. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

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, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date was 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%.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Jefferies Financial Group increased their price objective on Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI boosted their target price on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $85.96.

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.