Banque Cantonale Vaudoise boosted its stake in Masco Co. (NYSE:MAS – Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,260 shares of the construction company’s stock after purchasing an additional 498 shares during the period. Banque Cantonale Vaudoise’s holdings in Masco were worth $1,029,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Masco in the 1st quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Masco in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new stake in Masco in the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Masco in the 3rd quarter valued at $38,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on MAS
Masco Stock Performance
Shares of MAS stock opened at $77.01 on Thursday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company’s 50-day simple moving average is $81.79 and its 200-day simple moving average is $75.35. Masco Co. has a one year low of $58.89 and a one year high of $86.70. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.54 and a beta of 1.24.
Masco (NYSE:MAS – Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) 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 firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the company posted $1.00 earnings per share. Masco’s revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.
Masco Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. Masco’s dividend payout ratio is currently 30.85%.
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.
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