Gideon Capital Advisors Inc. Buys New Position in Masco Corp (MAS)

Gideon Capital Advisors Inc. bought a new stake in shares of Masco Corp (NYSE:MAS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,962 shares of the construction company’s stock, valued at approximately $291,000.

Other large investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its stake in shares of Masco by 8.4% in the third quarter. Pictet Asset Management Ltd. now owns 2,266,037 shares of the construction company’s stock worth $82,937,000 after acquiring an additional 176,227 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Masco by 20.6% in the third quarter. D.A. Davidson & CO. now owns 25,654 shares of the construction company’s stock worth $939,000 after acquiring an additional 4,389 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Masco by 37.8% in the third quarter. Westpac Banking Corp now owns 27,651 shares of the construction company’s stock worth $1,012,000 after acquiring an additional 7,591 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Masco by 45.3% in the third quarter. Freestone Capital Holdings LLC now owns 92,398 shares of the construction company’s stock worth $3,381,000 after acquiring an additional 28,790 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Masco in the third quarter worth $1,889,000. 88.77% of the stock is currently owned by institutional investors.

Shares of NYSE:MAS opened at $31.69 on Friday. The firm has a market capitalization of $9.56 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.56. Masco Corp has a 1 year low of $27.15 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. As a group, equities analysts anticipate that Masco Corp will post 2.41 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. This is a boost from Masco’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, October 11th. Masco’s dividend payout ratio is 24.74%.

In other Masco news, insider Richard A. O’reagan sold 12,900 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $31.48, for a total transaction of $406,092.00. Following the completion of the sale, the insider now directly owns 61,443 shares in the company, valued at $1,934,225.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 100,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the sale, the director now owns 625,961 shares of the company’s stock, valued at $19,392,271.78. The disclosure for this sale can be found here. Insiders have sold 212,900 shares of company stock valued at $6,631,092 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

A number of research firms have recently weighed in on MAS. Royal Bank of Canada set a $37.00 price target on shares of Masco and gave the stock a “hold” rating in a research note on Monday, November 19th. Citigroup dropped their price target on shares of Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Deutsche Bank dropped their price target on shares of Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Argus set a $43.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Nomura set a $40.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.63.

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Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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