Czech National Bank Has $3.73 Million Stock Holdings in Masco Co. (NYSE:MAS)

Czech National Bank increased its stake in Masco Co. (NYSE:MAS) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,459 shares of the construction company’s stock after acquiring an additional 2,490 shares during the quarter. Czech National Bank’s holdings in Masco were worth $3,732,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Masco by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after acquiring an additional 181,515 shares during the period. Van ECK Associates Corp raised its position in shares of Masco by 0.3% in the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after acquiring an additional 9,094 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after purchasing an additional 259,205 shares during the period. Finally, Earnest Partners LLC boosted its position in shares of Masco by 16.6% during the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after purchasing an additional 319,029 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAS has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets boosted their target price on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group boosted their target price on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.58.

Masco Stock Up 0.5 %

MAS stock opened at $83.49 on Friday. The stock’s 50 day moving average is $79.33 and its 200-day moving average is $73.87. Masco Co. has a twelve month low of $47.66 and a twelve month high of $84.69. The firm has a market capitalization of $18.22 billion, a PE ratio of 20.41, a P/E/G ratio of 2.64 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 EPS. Sell-side analysts expect that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.39%. Masco’s dividend payout ratio is currently 28.36%.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

About Masco

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.