Mackenzie Financial Corp Has $11.46 Million Stock Position in Masco Co. (NYSE:MAS)

Mackenzie Financial Corp raised its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,944 shares of the construction company's stock after buying an additional 72,875 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Masco worth $11,462,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company's stock valued at $71,000 after buying an additional 133 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of Masco by 1.7% in the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock valued at $587,000 after purchasing an additional 136 shares during the last quarter. Keybank National Association OH grew its position in shares of Masco by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after buying an additional 151 shares during the period. VELA Investment Management LLC raised its stake in shares of Masco by 2.5% during the fourth quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock worth $574,000 after buying an additional 194 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in Masco by 6.1% in the fourth quarter. Perigon Wealth Management LLC now owns 3,547 shares of the construction company's stock valued at $275,000 after buying an additional 204 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 1.4%

Shares of MAS stock traded up $0.90 during trading hours on Thursday, hitting $63.49. 1,754,479 shares of the company were exchanged, compared to its average volume of 1,805,408. Masco Co. has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The business has a 50 day moving average of $63.54 and a two-hundred day moving average of $71.85. The company has a market capitalization of $13.39 billion, a PE ratio of 16.89, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. Analysts anticipate that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.95%. Masco's payout ratio is presently 33.88%.

Insider Activity at Masco

In related news, VP Renee Straber sold 3,139 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAS. Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays set a $71.00 target price on Masco and gave the stock an "overweight" rating in a report on Thursday, April 24th. Royal Bank of Canada lowered their price target on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird reduced their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $73.63.

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.