3,880 Shares in Masco Co. (NYSE:MAS) Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Masco Co. (NYSE:MAS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,880 shares of the construction company’s stock, valued at approximately $326,000.

A number of other large investors have also recently bought and sold shares of MAS. Vanguard Group Inc. boosted its position in shares of Masco by 2.8% during 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 buying an additional 181,515 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Masco by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after buying an additional 9,094 shares in the last quarter. Impax Asset Management Group plc increased 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 acquiring an additional 259,205 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in shares of 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 acquiring an additional 319,029 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Masco Stock Performance

NYSE MAS opened at $82.88 on Friday. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The company has a market capitalization of $18.25 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24. Masco Co. has a 52-week low of $47.66 and a 52-week high of $86.70. The company has a 50-day simple moving average of $81.22 and a 200 day simple moving average of $74.28.

Masco (NYSE:MAS) last released its earnings results 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. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the business posted $1.19 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts predict that Masco Co. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday. Truist Financial upped their price target on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup reduced their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Royal Bank of Canada increased their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.75.

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.