Wilmington Savings Fund Society FSB Acquires Shares of 2,460 Masco Co. (NYSE:MAS)

Wilmington Savings Fund Society FSB bought a new stake in Masco Co. (NYSE:MAS) during the 3rd quarter, Holdings Channel reports. The firm bought 2,460 shares of the construction company’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in Masco in the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of Masco in the second quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth about $38,000. LRI Investments LLC raised its holdings in Masco by 850.8% during the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after purchasing an additional 536 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Masco in the third quarter valued at about $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Loop Capital upped their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered shares of 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 research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.88.

Masco Price Performance

Shares of MAS stock opened at $73.96 on Thursday. The firm has a fifty day moving average of $80.62 and a two-hundred day moving average of $76.69. The firm has a market cap of $15.96 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.57 and a beta of 1.23. Masco Co. has a 1-year low of $63.60 and a 1-year high of $86.70. 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 results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors 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 annualized dividend and a yield of 1.57%. Masco’s dividend payout ratio is presently 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.