Oppenheimer Asset Management Inc. Has $13.22 Million Stock Holdings in Masco Co. (NYSE:MAS)

Oppenheimer Asset Management Inc. grew its holdings in Masco Co. (NYSE:MAS) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,513 shares of the construction company’s stock after buying an additional 15,070 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Masco were worth $13,222,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after purchasing an additional 181,515 shares during the last quarter. Van ECK Associates Corp grew its holdings 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 worth $241,825,000 after purchasing an additional 26,259 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after purchasing an additional 259,205 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Masco by 16.6% in the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after purchasing an additional 319,029 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Masco Stock Performance

Shares of MAS stock opened at $79.25 on Thursday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a market capitalization of $17.10 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company’s 50 day moving average price is $81.80 and its two-hundred day moving average price is $75.05. Masco Co. has a 52 week low of $57.18 and a 52 week high of $86.70.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.46%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Analysts Set New Price Targets

MAS has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Evercore ISI increased their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.96.

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.