Zurcher Kantonalbank Zurich Cantonalbank Sells 37,705 Shares of Masco Corporation (MAS)
Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Masco Corporation (NYSE:MAS) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 529,684 shares of the construction company’s stock after selling 37,705 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of Masco Corporation worth $20,663,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in MAS. Boston Partners increased its position in shares of Masco Corporation by 53.1% during the 2nd quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock valued at $519,757,000 after purchasing an additional 4,714,941 shares during the last quarter. AJO LP increased its position in shares of Masco Corporation by 1,209.7% during the 2nd quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock valued at $120,957,000 after purchasing an additional 2,923,889 shares during the last quarter. BlackRock Inc. increased its position in shares of Masco Corporation by 9.9% during the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after purchasing an additional 2,763,057 shares during the last quarter. Northern Trust Corp increased its position in shares of Masco Corporation by 31.3% during the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after purchasing an additional 1,963,938 shares during the last quarter. Finally, FMR LLC increased its position in shares of Masco Corporation by 7.5% during the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after purchasing an additional 1,439,946 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.
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In other news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the transaction, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the transaction, the director now owns 47,909 shares of the company’s stock, valued at approximately $1,861,264.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,990 shares of company stock valued at $3,600,733. Company insiders own 1.30% of the company’s stock.
Masco Corporation (NYSE MAS) traded up $0.17 during midday trading on Wednesday, reaching $40.01. The company’s stock had a trading volume of 1,819,900 shares, compared to its average volume of 2,632,816. Masco Corporation has a 1-year low of $30.08 and a 1-year high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The stock has a market cap of $12,532.28, a PE ratio of 21.65, a P/E/G ratio of 1.23 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last released its quarterly earnings data 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 negative return on equity of 7,325.00% and a net margin of 7.23%. The business 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 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. equities analysts forecast that Masco Corporation will post 1.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 annualized dividend and a yield of 1.05%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s dividend payout ratio (DPR) is 25.00%.
Several equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of Masco Corporation in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Masco Corporation in a research report on Tuesday, September 26th. MKM Partners reiterated a “buy” rating and set a $44.00 price objective (up from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. Nomura set a $45.00 price objective on Masco Corporation and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research lowered Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.88.
Masco Corporation 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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