Foster & Motley Inc. Has $976,000 Stake in Masco Co. (NYSE:MAS)

Foster & Motley Inc. lowered its position in Masco Co. (NYSE:MAS) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,446 shares of the construction company’s stock after selling 665 shares during the period. Foster & Motley Inc.’s holdings in Masco were worth $976,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. ORG Wealth Partners LLC acquired a new position in shares of Masco in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco in the 3rd quarter valued at $43,000. Venturi Wealth Management LLC increased its stake in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Masco by 26.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $81.12 on Friday. The company’s 50-day moving average is $77.04 and its 200 day moving average is $78.38. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a market capitalization of $17.50 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on MAS. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 price objective (down previously from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Zelman & Associates upgraded shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. Evercore ISI boosted their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.27.

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.