National Bank of Canada FI Has $10.84 Million Stock Holdings in Masco Co. (NYSE:MAS)

National Bank of Canada FI boosted its position in shares of Masco Co. (NYSE:MAS) by 217.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,830 shares of the construction company’s stock after purchasing an additional 111,469 shares during the period. National Bank of Canada FI owned about 0.07% of Masco worth $10,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. Cambridge Investment Research Advisors Inc. increased its stake in shares of Masco by 2.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,592 shares of the construction company’s stock valued at $673,000 after buying an additional 255 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Masco by 2.6% during the third quarter. Mackenzie Financial Corp now owns 23,212 shares of the construction company’s stock worth $1,199,000 after purchasing an additional 584 shares in the last quarter. NBT Bank N A NY bought a new stake in shares of Masco during the third quarter valued at approximately $222,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Masco by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,153 shares of the construction company’s stock valued at $970,000 after purchasing an additional 215 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in Masco by 65.9% in the 3rd quarter. Summit Trail Advisors LLC now owns 7,005 shares of the construction company’s stock worth $374,000 after purchasing an additional 2,782 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

MAS stock opened at $70.66 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The stock has a market cap of $15.56 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The stock has a 50-day moving average price of $74.34 and a two-hundred day moving average price of $67.99. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Equities analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAS. Royal Bank of Canada lifted their target price on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup upped their target price on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Loop Capital lowered their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Oppenheimer assumed coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Finally, Truist Financial raised their price objective on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Insider Activity

In related news, insider Jai Shah sold 42,552 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the transaction, the vice president now owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jai Shah sold 42,552 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares in the company, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock worth $6,337,597 in the last quarter. Corporate 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.