Masco Co. (NYSE:MAS) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in shares of Masco Co. (NYSE:MAS) by 26.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278,123 shares of the construction company’s stock after selling 98,277 shares during the quarter. Canada Pension Plan Investment Board owned 0.13% of Masco worth $18,542,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAS. Intech Investment Management LLC purchased a new stake in shares of Masco in the 4th quarter valued at $975,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Masco by 14.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after purchasing an additional 67,806 shares during the period. Quantbot Technologies LP acquired a new position in shares of Masco in the 1st quarter valued at about $1,903,000. Manning & Napier Advisors LLC purchased a new stake in shares of Masco in the second quarter worth about $82,363,000. Finally, Vanguard Group Inc. raised its position in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after acquiring an additional 721,117 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAS. BMO Capital Markets raised their price objective 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. Truist Financial lifted their price objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their target price 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. Citigroup cut their price target on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Jefferies Financial Group increased their price target on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Masco has an average rating of “Moderate Buy” and an average price target of $77.58.

Masco Stock Performance

NYSE MAS opened at $82.11 on Monday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a 1-year low of $47.66 and a 1-year high of $83.56. The company has a market cap of $18.08 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The stock’s 50 day simple moving average is $76.72 and its 200-day simple moving average is $73.05.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, equities research analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is 28.43%.

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.