Masco Co. (NYSE:MAS) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC increased its stake in shares of Masco Co. (NYSE:MAS) by 133.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,435 shares of the construction company’s stock after buying an additional 16,830 shares during the quarter. Masco comprises 0.6% of Oak Thistle LLC’s holdings, making the stock its 21st largest position. Oak Thistle LLC’s holdings in Masco were worth $2,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. ORG Wealth Partners LLC purchased a new stake in shares of Masco during the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Masco during the third quarter worth $38,000. Ashton Thomas Securities LLC purchased a new stake in Masco in the third quarter valued at $43,000. Venturi Wealth Management LLC lifted its stake in shares of Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on MAS shares. Evercore ISI upped their target price on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Truist Financial raised their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their target price on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.96.

Masco Stock Up 3.1 %

MAS stock opened at $75.81 on Wednesday. The company’s 50 day moving average price is $77.08 and its 200 day moving average price is $77.39. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.55 and a beta of 1.25. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week 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 announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. On average, equities research analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is 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.