Swiss National Bank Boosts Holdings in Masco Co. (NYSE:MAS)

Swiss National Bank grew its position in shares of Masco Co. (NYSE:MAS) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,500 shares of the construction company’s stock after purchasing an additional 2,800 shares during the period. Swiss National Bank owned approximately 0.30% of Masco worth $54,855,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAS. New Covenant Trust Company N.A. purchased a new position in Masco during the first quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of Masco during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of Masco during the second quarter worth about $30,000. Massmutual Trust Co. FSB ADV increased its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Masco in the third quarter valued at approximately $38,000. Institutional investors own 93.91% of the company’s stock.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Masco Trading Down 1.2 %

NYSE:MAS opened at $76.17 on Wednesday. The firm has a market capitalization of $16.43 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.54 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a fifty day moving average of $81.81 and a 200 day moving average of $75.34. Masco Co. has a 52 week low of $58.89 and a 52 week high of $86.70.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 30.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on MAS. Jefferies Financial Group boosted their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Truist Financial lifted their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, Loop Capital raised their price objective on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.96.

Masco 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.