Ashton Thomas Private Wealth LLC Has $3.93 Million Position in Masco Co. (NYSE:MAS)

Ashton Thomas Private Wealth LLC grew its holdings in Masco Co. (NYSE:MAS) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,777 shares of the construction company’s stock after purchasing an additional 4,028 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Masco were worth $3,926,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Masco by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 16,215 shares of the construction company’s stock valued at $1,279,000 after acquiring an additional 183 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $476,000. Headlands Technologies LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $99,000. Russell Investments Group Ltd. increased its holdings in shares of Masco by 42.0% in the first quarter. Russell Investments Group Ltd. now owns 239,502 shares of the construction company’s stock valued at $18,814,000 after purchasing an additional 70,841 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Masco by 0.4% in the first quarter. US Bancorp DE now owns 137,756 shares of the construction company’s stock valued at $10,866,000 after purchasing an additional 503 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on MAS shares. JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. 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 report on Wednesday, October 30th. Truist Financial boosted their price target on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.96.

Masco Stock Down 0.2 %

Shares of MAS stock opened at $80.77 on Tuesday. Masco Co. has a 52-week low of $55.43 and a 52-week high of $86.70. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.62 and a beta of 1.24. The firm’s 50-day moving average is $81.76 and its 200-day moving average is $74.96. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Masco’s dividend payout ratio (DPR) 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.