Oppenheimer & Co. Inc. Has $3.94 Million Stock Holdings in Masco Co. (NYSE:MAS)

Oppenheimer & Co. Inc. increased its holdings in shares of Masco Co. (NYSE:MAS) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,268 shares of the construction company’s stock after buying an additional 813 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Masco were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MAS. Farther Finance Advisors LLC boosted its stake in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after buying an additional 128 shares during the period. WCM Investment Management LLC grew its stake in Masco by 0.3% in the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after purchasing an additional 132 shares in the last quarter. Metis Global Partners LLC grew its stake in Masco by 1.9% in the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after purchasing an additional 133 shares in the last quarter. Allworth Financial LP increased its position in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock worth $71,000 after purchasing an additional 133 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after purchasing an additional 136 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAS. Citigroup lowered their price target on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Barclays boosted their target price on shares of Masco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. UBS Group decreased their price objective on shares of Masco from $94.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.32.

Masco Price Performance

Shares of NYSE:MAS opened at $75.10 on Friday. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.94 and a beta of 1.25. The business has a 50 day moving average price of $76.15 and a 200 day moving average price of $78.84. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same period in the previous year, the business earned $0.83 earnings per share. Research analysts predict that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.31 per share. This is an increase from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.65%. Masco’s payout ratio is presently 32.98%.

Insider Activity at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at $4,601,988.12. The trade was a 26.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

About Masco

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.