Zurcher Kantonalbank Zurich Cantonalbank Buys 15,359 Shares of Masco Co. (NYSE:MAS)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Masco Co. (NYSE:MAS - Free Report) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,550 shares of the construction company's stock after buying an additional 15,359 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.16% of Masco worth $23,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew 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. Harris Associates L P lifted its holdings in shares of Masco by 1.5% during the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company's stock worth $654,341,000 after purchasing an additional 140,334 shares during the period. Boston Partners grew its position in Masco by 1.8% in the 4th quarter. Boston Partners now owns 9,180,364 shares of the construction company's stock valued at $615,282,000 after buying an additional 159,052 shares during the last quarter. Earnest Partners LLC increased its stake in Masco by 16.6% in the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company's stock valued at $177,136,000 after buying an additional 319,029 shares during the period. Finally, Nordea Investment Management AB raised its position in Masco by 1.1% during the 1st quarter. Nordea Investment Management AB now owns 1,979,524 shares of the construction company's stock worth $155,472,000 after buying an additional 22,167 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Up 0.9 %

Shares of Masco stock traded up $0.70 during mid-day trading on Friday, hitting $79.56. 1,285,485 shares of the stock were exchanged, compared to its average volume of 1,913,237. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Masco Co. has a twelve month low of $47.66 and a twelve month high of $81.91. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The company has a 50-day simple moving average of $72.52 and a 200 day simple moving average of $72.58.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS 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 firm had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.10 billion. Masco's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. Research analysts forecast that Masco Co. will post 4.1 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, August 2nd. Masco's dividend payout ratio (DPR) is 28.43%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Truist Financial boosted their target price on Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. BMO Capital Markets increased their target price on Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 31st. Citigroup decreased their price target on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Finally, StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.58.

Masco Company 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.