Brooklyn Investment Group Purchases 155 Shares of Masco Co. (NYSE:MAS)

Brooklyn Investment Group boosted its position in shares of Masco Co. (NYSE:MAS) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,630 shares of the construction company’s stock after purchasing an additional 155 shares during the quarter. Brooklyn Investment Group’s holdings in Masco were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Masco by 1.9% during the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after buying an additional 194,297 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after acquiring an additional 520,555 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Masco by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of Masco by 15.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock worth $117,265,000 after purchasing an additional 238,512 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Masco by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock worth $75,834,000 after purchasing an additional 122,705 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 1.0 %

NYSE:MAS opened at $78.29 on Friday. The company has a market cap of $16.89 billion, a PE ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. The stock has a 50-day simple moving average of $76.79 and a 200 day simple moving average of $77.63. 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 Co. has a 52-week low of $63.81 and a 52-week high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business earned $1.00 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. Masco’s dividend payout ratio is 30.85%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets increased their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and lowered their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target on the stock in a research report on Friday, January 10th. Finally, UBS Group boosted their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.27.

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.