Banque Cantonale Vaudoise Takes $784,000 Position in Masco Co. (NYSE:MAS)

Banque Cantonale Vaudoise purchased a new stake in Masco Co. (NYSE:MAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,762 shares of the construction company's stock, valued at approximately $784,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock valued at $28,000 after purchasing an additional 136 shares during the period. Ballentine Partners LLC increased its stake in Masco by 2.5% in the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company's stock valued at $435,000 after purchasing an additional 137 shares during the period. HB Wealth Management LLC increased its stake in Masco by 3.6% in the second 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. BOKF NA increased its stake in shares of Masco by 2.5% during the first quarter. BOKF NA now owns 6,178 shares of the construction company's stock worth $480,000 after acquiring an additional 149 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Masco by 1.8% during the first quarter. Blair William & Co. IL now owns 9,516 shares of the construction company's stock worth $751,000 after acquiring an additional 165 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

Shares of NYSE MAS traded up $0.70 on Monday, hitting $79.56. The company's stock had a trading volume of 1,285,400 shares, compared to its average volume of 1,913,237. Masco Co. has a 12-month low of $47.66 and a 12-month high of $81.91. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The stock has a 50 day moving average of $72.98 and a 200-day moving average of $72.66.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share. As a group, research analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were paid 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 was Friday, August 2nd. Masco's payout ratio is 28.43%.

Analyst Upgrades and Downgrades

MAS has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Masco from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Barclays boosted their price target on shares of Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. BMO Capital Markets boosted their price target on shares of Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Seven 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.58.

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.