Wealth Enhancement Advisory Services LLC Buys 875 Shares of Masco Co. (NYSE:MAS)

Wealth Enhancement Advisory Services LLC lifted its stake in Masco Co. (NYSE:MAS) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 651,488 shares of the construction company’s stock after acquiring an additional 875 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.30% of Masco worth $47,278,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Masco during the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new position in Masco during the 3rd quarter valued at about $43,000. Venturi Wealth Management LLC increased its position in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares in the last quarter. Covestor Ltd increased its position in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after buying an additional 312 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Masco during the 3rd quarter valued at about $77,000. 93.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAS. Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $89.00 in a research report on Monday, December 16th. Robert W. Baird reduced their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI boosted their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.96.

Masco Stock Down 0.5 %

Shares of MAS opened at $72.09 on Friday. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.55 and a beta of 1.25. The stock’s 50-day moving average price is $77.39 and its 200-day moving average price is $77.15.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. Masco’s dividend payout ratio is currently 30.85%.

About Masco

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.