Masco Co. (NYSE:MAS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Masco Co. (NYSE:MAS) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 344,141 shares of the construction company’s stock after acquiring an additional 21,165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.15% of Masco worth $23,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in Masco by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after purchasing an additional 178 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Masco by 2.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after acquiring an additional 180 shares in the last quarter. Donald L. Hagan LLC lifted its position in shares of Masco by 0.9% in the fourth quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock valued at $1,414,000 after acquiring an additional 186 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Masco by 1.3% in the fourth quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock valued at $1,016,000 after acquiring an additional 195 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Masco by 2.2% during the third quarter. Johnson Investment Counsel Inc. now owns 9,240 shares of the construction company’s stock worth $494,000 after buying an additional 200 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Oppenheimer began coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating for the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Truist Financial lifted their price objective on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Citigroup lifted their price objective on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.62.

Masco Stock Down 0.3 %

Masco stock opened at $72.36 on Thursday. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. The company has a market capitalization of $15.96 billion, a P/E ratio of 18.04, a PEG ratio of 2.26 and a beta of 1.25. The stock has a 50-day simple moving average of $75.43 and a 200-day simple moving average of $66.05.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities research analysts expect that Masco Co. will post 4.11 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.29 per share. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 annualized dividend and a yield of 1.60%. Masco’s payout ratio is presently 28.93%.

Insiders Place Their Bets

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,762 shares of company stock worth $6,337,597. Company insiders own 1.10% of the company’s stock.

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.