Skandinaviska Enskilda Banken AB publ sells 69,900 shares of Masco Co. (NYSE:MAS)

Skandinaviska Enskilda Banken AB reduced its holdings in Masco Co. (NYSE:MAS – Free Report) by 22.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,286 shares of the construction company’s stock after selling 69,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Masco were worth $15,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have added to or reduced their stakes in MAS. New Covenant Trust Company NA bought a new position in Masco in the first quarter valued at $25,000. Inçalta Capital LLC bought a new position in shares of Masco in the second quarter valued at about $25,000. Versant Capital Management Inc raised its position in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Family Firm Inc. bought a new position in shares of Masco in the second quarter valued at about $30,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after acquiring an additional 179 shares during the period. Institutional investors own 93.91% of the company’s shares.

Masco price performance

Shares of Masco opened at $82.11 on Friday. Masco Co. has a 12-month low of $47.66 and a 12-month high of $83.56. The company has a quick ratio of 1.12, a current ratio of 1.76, and a debt-to-equity ratio of 16.18. The company has a 50 day simple moving average of $76.72 and a two hundred day simple moving average of $73.10. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Masco (NYSE:MAS – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. In the same quarter last year, the company earned $1.19 EPS. The company’s revenue fell 1.7% year over year. Analysts estimate that Masco Co. will record 4.11 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents an annualized dividend of $1.16 and a yield of 1.41%. The ex-dividend date was Friday, August 2. Masco’s dividend payout ratio (DPR) is 28.43%.

Insider buying and selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Insiders hold 1.10% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of brokerages have recently commented on MAS. Citigroup decreased their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Jefferies Financial Group lifted their price objective on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. BMO Capital Markets lifted their price objective 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. Truist Financial upped their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th . Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Masco currently has an average rating of “Moderate Buy” and a consensus price target of $77.58, according to MarketBeat.com.

Read the latest research report on Masco

Masco Company Profile

(Free Report)

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, shower heads, portable showers, valves, bathroom hardware and accessories, bathroom units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower tubs, spas, exercise pools and fitness systems; Brass, copper and composite plumbing components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized manufacturing and PEX pipe products; and other non-decorative sanitary products.

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