Masco Corporation (MAS) Shares Bought by Swiss National Bank
Swiss National Bank lifted its holdings in shares of Masco Corporation (NYSE:MAS) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,179,041 shares of the construction company’s stock after acquiring an additional 12,000 shares during the period. Swiss National Bank owned 374,810.38% of Masco Corporation worth $45,994,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV raised its position in shares of Masco Corporation by 12.5% during the 2nd quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock worth $1,454,000 after acquiring an additional 4,223 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Masco Corporation by 19.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 199,990 shares of the construction company’s stock worth $7,642,000 after acquiring an additional 32,532 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Masco Corporation by 29.1% during the 2nd quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock worth $37,797,000 after acquiring an additional 223,177 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Masco Corporation during the 2nd quarter worth about $10,508,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Masco Corporation during the 2nd quarter worth about $2,824,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the sale, the insider now directly owns 56,935 shares of the company’s stock, valued at $2,136,770.55. The disclosure for this sale can be found here. Insiders sold a total of 90,990 shares of company stock worth $3,600,733 over the last quarter. Company insiders own 1.30% of the company’s stock.
Masco Corporation (MAS) opened at $39.04 on Wednesday. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The firm has a market capitalization of $12,233.44, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.
Masco Corporation (NYSE:MAS) last announced its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts predict that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were paid a $0.105 dividend. This is an increase from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, October 12th. Masco Corporation’s dividend payout ratio (DPR) is 25.00%.
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Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 25th. Royal Bank Of Canada raised their price target on Masco Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Masco Corporation in a research note on Wednesday, October 25th. Robert W. Baird raised their price target on Masco Corporation from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Nomura set a $45.00 price target on Masco Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.88.
Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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