Masco Co. (NYSE:MAS) Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC raised its holdings in shares of Masco Co. (NYSE:MAS) by 11.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,134 shares of the construction company’s stock after buying an additional 651 shares during the period. Secure Asset Management LLC’s holdings in Masco were worth $445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAS. Franklin Resources Inc. increased its stake in shares of Masco by 20.6% in the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after buying an additional 56,626 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in Masco by 21.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock worth $45,364,000 after acquiring an additional 96,415 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Masco by 69.1% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after purchasing an additional 631 shares during the last quarter. Assetmark Inc. raised its stake in shares of Masco by 139.9% in the 3rd quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock valued at $106,000 after purchasing an additional 736 shares in the last quarter. Finally, Montecito Bank & Trust lifted its position in shares of Masco by 125.4% during the third quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company’s stock worth $989,000 after purchasing an additional 6,553 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MAS shares. Robert W. Baird lowered their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a report on Friday, January 10th. Truist Financial raised their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” 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 target price for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.27.

Masco Stock Down 0.2 %

Shares of Masco stock opened at $79.26 on Friday. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The company has a market capitalization of $17.10 billion, a P/E ratio of 21.08, a PEG ratio of 2.36 and a beta of 1.25. The business’s fifty day moving average price is $76.75 and its two-hundred day moving average price is $78.03. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. Masco’s dividend payout ratio (DPR) is 30.85%.

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.