Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Masco Corporation (NYSE:MAS) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,112 shares of the construction company’s stock after buying an additional 12,298 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Masco Corporation were worth $3,137,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC raised its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Masco Corporation during the first quarter worth about $103,000. Trust Co. of Vermont raised its stake in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Masco Corporation during the first quarter worth about $202,000. Institutional investors and hedge funds own 88.48% of the company’s stock.

Shares of Masco Corporation (MAS) opened at 36.37 on Thursday. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 22.49 and a beta of 1.56. Masco Corporation has a 52 week low of $29.38 and a 52 week high of $39.37. The firm has a 50 day moving average of $37.79 and a 200 day moving average of $36.19.

Masco Corporation (NYSE:MAS) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business earned $0.46 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Masco Corporation will post $1.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, July 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.40 annualized dividend and a yield of 1.10%. Masco Corporation’s payout ratio is 24.69%.

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Several equities research analysts recently weighed in on MAS shares. Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price objective on shares of Masco Corporation in a research note on Wednesday, May 31st. Longbow Research reiterated a “buy” rating and set a $42.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of Masco Corporation in a research note on Monday. Finally, MKM Partners reiterated a “buy” rating and set a $43.00 price objective (up previously from $40.00) on shares of Masco Corporation in a research note on Friday, May 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Masco Corporation has an average rating of “Buy” and an average target price of $40.93.

In other Masco Corporation news, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the transaction, the vice president now owns 65,961 shares in the company, valued at approximately $2,544,775.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total transaction of $744,433.64. Following the transaction, the insider now owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Masco Corporation Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Institutional Ownership by Quarter for Masco Corporation (NYSE:MAS)

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