The Swiss National Bank Boosts Stake in Masco Corp (MAS)

The Swiss National Bank Boosts Stake in Masco Corp (MAS)

Other hedge funds and other institutional investors have also bought and sold shares of the company. DE Burlo Group Inc. raised its position in Masco Corp by 12.5% in the third quarter. DE Burlo Group Inc. now owns 159,900 shares of the construction company’s stock valued at $5,486,000 after buying an additional 17,800 shares during the period. Marietta Investment Partners LLC acquired a new position in Masco Corp during the third quarter valued at approximately $6,432,000. Suntrust Banks Inc. raised its position in Masco Corp by 4.7% in the third quarter. Suntrust Banks Inc. now owns 28,091 shares of the construction company’s stock worth $962,000 after buying an additional 1,261 shares during the last quarter. Palladium Partners LLC raised its position in Masco Corp by 14.5% in the third quarter. Palladium Partners LLC now owns 279,420 shares of the construction company’s stock worth $9,587,000 after buying an additional 35,280 shares during the last quarter. Finally, NBW Capital LLC purchased a new position in Masco Corp during the third quarter worth about $3,210,000. 88.65% of the stock is owned by institutional investors and hedge funds.

Swiss National Bank raised its stake in shares of Masco Corp (NYSE:MAS) by 26.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,163,241 shares of the construction company’s stock after buying an additional 241,900 shares during the period. Swiss National Bank owned about 0.37% of Masco Corp worth $39,539,000 as of its most recent filing with the SEC.

Masco Corp (NYSE:MAS) opened at 37.64 on Monday. Masco Corp has a 1-year low of $29.11 and a 1-year high of $37.91. The company’s 50-day moving average is $36.46 and its 200 day moving average is $33.85. The firm has a market capitalization of $11.90 billion, a PE ratio of 23.82 and a beta of 1.51.

Masco Corp (NYSE:MAS) last posted its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Masco Corp will post $1.96 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Monday, April 17th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, April 12th. Masco Corp’s dividend payout ratio is currently 27.21%.

Masco Corp (NYSE:MAS) last posted its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Masco Corp will post $1.96 EPS for the current fiscal year. A number of analysts have commented on MAS shares. Barclays PLC dropped their price target on shares of Masco Corp to $36.00 in a research report on Friday, February 10th. Jefferies Group LLC restated a “buy” rating and set a $43.00 price target (up from $39.00) on shares of Masco Corp in a research report on Wednesday, April 26th. Nomura began coverage on shares of Masco Corp in a report on Wednesday, April 12th. They issued a “buy” rating and a $39.00 target price on the stock. Longbow Research upgraded shares of Masco Corp from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, April 6th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Masco Corp in a report on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.76.

In other news, Director Richard A. Manoogian sold 29,989 shares of Masco Corp stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the sale, the director now owns 622,281 shares of the company’s stock, valued at $22,924,832.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Manoogian sold 61,340 shares of Masco Corp stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $36.99, for a total value of $2,268,966.60. Following the sale, the director now directly owns 716,885 shares of the company’s stock, valued at approximately $26,517,576.15. The disclosure for this sale can be found here. Insiders have sold 197,496 shares of company stock valued at $7,289,544 in the last three months. Insiders own 1.70% of the company’s stock. About Masco Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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