Skandinaviska Enskilda Banken AB publ grew its stake in shares of Masco Corp (NYSE:MAS) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,594 shares of the construction company’s stock after buying an additional 2,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Masco were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of Masco by 2.3% during the 3rd quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock worth $19,396,000 after buying an additional 11,362 shares in the last quarter. KBC Group NV raised its position in shares of Masco 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 buying an additional 4,223 shares in the last quarter. Palladium Partners LLC raised its position in shares of Masco by 1.1% during the 3rd quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock worth $11,544,000 after buying an additional 3,250 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Masco 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 buying an additional 32,532 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Masco 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 buying an additional 223,177 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.
In other news, Director Lokeren Mary Ann Van sold 16,850 shares of the business’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 transaction of $654,622.50. Following the sale, the director now owns 47,909 shares in the company, valued at $1,861,264.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. Insiders have sold 90,990 shares of company stock worth $3,600,733 in the last 90 days. 1.30% of the stock is owned by company insiders.
Masco Corp (NYSE MAS) traded down $0.83 during midday trading on Thursday, hitting $42.15. 3,054,300 shares of the company were exchanged, compared to its average volume of 2,641,996. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. Masco Corp has a twelve month low of $31.22 and a twelve month high of $43.79. The company has a market cap of $13,310.00, a P/E ratio of 23.36, a P/E/G ratio of 1.33 and a beta of 1.59.
Masco (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco 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 the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. analysts forecast that Masco Corp will post 1.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, October 13th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Masco’s previous quarterly dividend of $0.10. Masco’s payout ratio is currently 24.85%.
MAS has been the topic of a number of recent analyst reports. Barclays set a $45.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. FBR & Co restated a “buy” rating and set a $46.00 price target (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Nomura set a $45.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $42.00 target price on shares of Masco in a report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and a consensus target price of $42.88.
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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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