Masco Co. (NYSE:MAS) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in shares of Masco Co. (NYSE:MAS) by 778.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,237 shares of the construction company’s stock after purchasing an additional 4,641 shares during the quarter. Venturi Wealth Management LLC’s holdings in Masco were worth $380,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after buying an additional 194,297 shares during the last quarter. Van ECK Associates Corp grew its position in Masco by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company’s stock worth $235,881,000 after acquiring an additional 299,520 shares during the period. Nordea Investment Management AB increased its stake in Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares during the last quarter. Empower Advisory Group LLC raised its position in Masco by 2.0% in the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company’s stock valued at $73,737,000 after purchasing an additional 20,129 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after purchasing an additional 895,950 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. Loop Capital raised their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Citigroup dropped their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on Masco from $85.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Price Performance

Shares of NYSE MAS opened at $76.32 on Friday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The stock’s 50-day moving average is $76.21 and its two-hundred day moving average is $78.71. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter last year, the business earned $0.83 EPS. Analysts forecast that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Masco’s dividend payout ratio (DPR) is presently 32.98%.

Masco 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.