Masco Corp (MAS) Shares Bought by Banco de Sabadell S.A

Banco de Sabadell S.A lifted its holdings in Masco Corp (NYSE:MAS) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,919 shares of the construction company’s stock after buying an additional 1,312 shares during the period. Banco de Sabadell S.A’s holdings in Masco were worth $482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in shares of Masco by 4.6% in the 1st quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock worth $1,423,000 after buying an additional 1,533 shares during the last quarter. Buckingham Capital Management Inc. lifted its stake in Masco by 4.6% in the first quarter. Buckingham Capital Management Inc. now owns 36,712 shares of the construction company’s stock valued at $1,485,000 after purchasing an additional 1,619 shares during the last quarter. Hills Bank & Trust Co. lifted its stake in Masco by 6.6% in the second quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock valued at $1,008,000 after purchasing an additional 1,675 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Masco by 3.7% in the first quarter. Xact Kapitalforvaltning AB now owns 47,148 shares of the construction company’s stock valued at $1,907,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in Masco by 2.9% in the second quarter. Capital Analysts LLC now owns 69,500 shares of the construction company’s stock valued at $2,601,000 after purchasing an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Shares of MAS stock opened at $38.19 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 23.57. Masco Corp has a 1 year low of $35.79 and a 1 year high of $46.44. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Masco had a net margin of 7.41% and a return on equity of 490.27%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. sell-side analysts expect that Masco Corp will post 2.51 EPS for the current fiscal year.

In other Masco news, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the sale, the insider now owns 48,740 shares of the company’s stock, valued at approximately $1,945,213.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the sale, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

MAS has been the topic of several research analyst reports. ValuEngine downgraded Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Wells Fargo & Co set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Friday, June 1st. Citigroup upgraded Masco from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, June 19th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Royal Bank of Canada initiated coverage on Masco in a research note on Wednesday, June 27th. They issued a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Masco currently has a consensus rating of “Buy” and an average price target of $45.76.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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