B. Riley Wealth Advisors Inc. Boosts Stake in Masco Co. (NYSE:MAS)

B. Riley Wealth Advisors Inc. raised its holdings in shares of Masco Co. (NYSE:MAS) by 6.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,286 shares of the construction company’s stock after purchasing an additional 416 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Masco were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MAS. Assenagon Asset Management S.A. lifted its stake in shares of Masco by 956.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after acquiring an additional 895,950 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Masco by 66.5% during the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after purchasing an additional 728,690 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Masco by 86.5% during the second quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock valued at $42,318,000 after purchasing an additional 294,409 shares during the period. Barclays PLC grew its holdings in shares of Masco by 49.2% in the third quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after purchasing an additional 291,658 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Masco by 89.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock worth $38,642,000 after buying an additional 273,718 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of Masco stock opened at $73.96 on Thursday. The company has a market capitalization of $15.96 billion, a PE ratio of 19.67, a P/E/G ratio of 2.57 and a beta of 1.23. The company has a 50-day simple moving average of $80.62 and a two-hundred day simple moving average of $76.69. Masco Co. has a one year low of $63.60 and a one year high of $86.70. 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 posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Research analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.57%. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

A number of equities analysts have commented on MAS shares. BMO Capital Markets upped their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Evercore ISI lifted their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and lowered their target price for the stock from $96.00 to $89.00 in a report on Monday. Finally, Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and an average price target of $85.88.

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.