Swiss National Bank Acquires 19,900 Shares of Masco Corp (NYSE:MAS)

Swiss National Bank increased its position in shares of Masco Corp (NYSE:MAS) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,019,741 shares of the construction company’s stock after purchasing an additional 19,900 shares during the quarter. Swiss National Bank owned 0.35% of Masco worth $40,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Masco in the 1st quarter worth $29,000. CSat Investment Advisory L.P. lifted its holdings in shares of Masco by 97.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock worth $27,000 after purchasing an additional 460 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Masco by 59.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Essex Savings Bank bought a new position in shares of Masco in the 4th quarter worth $58,000. Finally, YorkBridge Wealth Partners LLC bought a new position in shares of Masco in the 1st quarter worth $79,000. 90.01% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on MAS shares. Barclays set a $44.00 target price on Masco and gave the stock a “buy” rating in a report on Friday, April 26th. SunTrust Banks increased their target price on Masco to $52.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. They noted that the move was a valuation call. Raymond James upgraded Masco from a “market perform” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Friday, April 26th. Robert W. Baird set a $50.00 price target on Masco and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Nomura increased their price target on Masco from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.29.

Shares of Masco stock traded up $0.24 during trading hours on Friday, hitting $39.24. 3,267,035 shares of the company’s stock traded hands, compared to its average volume of 3,722,066. Masco Corp has a 12-month low of $27.03 and a 12-month high of $41.00. The stock has a market capitalization of $11.42 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The stock’s fifty day moving average is $37.59. The company has a debt-to-equity ratio of 65.98, a current ratio of 1.43 and a quick ratio of 0.91.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Masco Corp will post 2.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Friday, July 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, July 11th. Masco’s dividend payout ratio (DPR) is currently 19.20%.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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