National Bank of Canada FI Raises Position in Masco Co. (NYSE:MAS)

National Bank of Canada FI increased its stake in Masco Co. (NYSE:MAS - Free Report) by 217.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,830 shares of the construction company's stock after acquiring an additional 111,469 shares during the quarter. National Bank of Canada FI owned about 0.07% of Masco worth $10,840,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Masco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company's stock valued at $1,378,337,000 after purchasing an additional 298,116 shares in the last quarter. Boston Partners increased its stake in shares of Masco by 4.2% in the 3rd quarter. Boston Partners now owns 9,021,312 shares of the construction company's stock valued at $481,875,000 after acquiring an additional 359,562 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Masco by 4.8% during the 4th quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company's stock valued at $373,411,000 after acquiring an additional 254,040 shares during the period. Northern Trust Corp boosted its stake in Masco by 3.8% during the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company's stock worth $210,325,000 after acquiring an additional 145,472 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in Masco by 1.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company's stock valued at $223,288,000 after purchasing an additional 57,395 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAS. Citigroup increased their target price on Masco from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Truist Financial lifted their price objective on shares of Masco from $65.00 to $81.00 and gave the company a "buy" rating in a report on Friday, February 9th. Royal Bank of Canada upped their target price on shares of Masco from $79.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Loop Capital cut their price target on Masco from $79.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Masco presently has a consensus rating of "Moderate Buy" and an average price target of $72.15.

Masco Price Performance

Shares of NYSE:MAS traded up $1.37 on Thursday, hitting $72.04. The company's stock had a trading volume of 1,245,448 shares, compared to its average volume of 2,030,132. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. The company has a market capitalization of $15.87 billion, a PE ratio of 17.57, a PEG ratio of 1.83 and a beta of 1.28. The company has a 50-day simple moving average of $74.34 and a 200 day simple moving average of $67.99.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.87 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Masco

In related news, insider Jai Shah sold 42,552 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares of the company's stock, valued at $1,208,778.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction 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 sale, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Richard Allan Marshall sold 5,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock valued at $6,337,597 in the last quarter. Company 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.