Masco Co. (NYSE:MAS) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in shares of Masco Co. (NYSE:MASFree Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,453 shares of the construction company’s stock after buying an additional 1,230 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Masco were worth $3,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in Masco during the 4th quarter worth about $39,000. Bruce G. Allen Investments LLC purchased a new stake in Masco during the 4th quarter worth about $44,000. VisionPoint Advisory Group LLC increased its position in Masco by 70.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after purchasing an additional 435 shares in the last quarter. Northwest Financial Advisors purchased a new stake in Masco in the 4th quarter valued at about $69,000. Finally, Lindbrook Capital LLC grew its holdings in Masco by 19.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.6 %

Masco stock traded up $0.40 during midday trading on Tuesday, hitting $69.93. 1,255,899 shares of the company were exchanged, compared to its average volume of 1,967,892. The company’s fifty day moving average price is $73.42 and its 200-day moving average price is $69.24. The company has a market cap of $15.40 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.28. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. Masco’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. On average, research analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 23rd. Masco’s payout ratio is 28.43%.

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. Truist Financial lifted their price target on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup lifted their price target on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Evercore ISI lowered their price target on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada boosted their target price on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.15.

Check Out Our Latest Research Report on Masco

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 in the last three months. Corporate insiders own 1.10% of the company’s stock.

About Masco

(Free Report)

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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