Nordea Investment Management AB Purchases 520,555 Shares of Masco Co. (NYSE:MAS)

Nordea Investment Management AB grew its position in shares of Masco Co. (NYSE:MAS - Free Report) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,997,839 shares of the construction company's stock after purchasing an additional 520,555 shares during the quarter. Nordea Investment Management AB owned approximately 1.39% of Masco worth $218,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Masco during the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC acquired a new position in shares of Masco during the third quarter worth $43,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock worth $50,000 after purchasing an additional 222 shares during the period. Covestor Ltd grew its stake in shares of Masco by 86.4% in the third quarter. Covestor Ltd now owns 673 shares of the construction company's stock worth $57,000 after purchasing an additional 312 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Masco in the third quarter valued at $77,000. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MAS. Evercore ISI upped their price target on Masco from $78.00 to $82.00 and gave the company an "in-line" 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 report on Wednesday, October 30th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. UBS Group upped their price objective on shares of Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $86.79.

Masco Stock Down 2.0 %

Shares of MAS traded down $1.44 during trading hours on Tuesday, hitting $71.66. The stock had a trading volume of 1,284,251 shares, compared to its average volume of 1,089,088. The firm has a 50 day simple moving average of $77.70 and a 200-day simple moving average of $77.22. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a market capitalization of $15.46 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS 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 during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Masco Co. will post 4.09 EPS for the current fiscal 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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, November 8th. Masco's 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.