Metis Global Partners LLC Acquires 133 Shares of Masco Co. (NYSE:MAS)

Metis Global Partners LLC increased its holdings in Masco Co. (NYSE:MAS) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,031 shares of the construction company’s stock after buying an additional 133 shares during the period. Metis Global Partners LLC’s holdings in Masco were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MAS. Oppenheimer Asset Management Inc. raised its position in shares of Masco by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 157,513 shares of the construction company’s stock worth $13,222,000 after acquiring an additional 15,070 shares in the last quarter. Haverford Trust Co raised its holdings in Masco by 1.0% in the third quarter. Haverford Trust Co now owns 460,559 shares of the construction company’s stock worth $38,659,000 after purchasing an additional 4,368 shares in the last quarter. Empower Advisory Group LLC lifted its position in shares of Masco by 1.5% during the third quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after buying an additional 14,870 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Masco by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 922,566 shares of the construction company’s stock valued at $77,440,000 after buying an additional 73,405 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Masco in the 3rd quarter worth approximately $241,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 1.0 %

Shares of Masco stock opened at $78.42 on Monday. Masco Co. has a 1 year low of $58.89 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 stock has a market cap of $16.92 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.24. The firm has a fifty day moving average price of $81.86 and a 200 day moving average price of $75.23.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MAS. Loop Capital increased their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. 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 note on Wednesday, October 30th. UBS Group increased their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.96.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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.