Hennessy Advisors Inc. cut its holdings in shares of Masco Co. (NYSE:MAS – Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,700 shares of the construction company’s stock after selling 2,100 shares during the period. Hennessy Advisors Inc.’s holdings in Masco were worth $2,663,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MAS. ORG Wealth Partners LLC acquired a new stake in Masco during the 4th quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco in the third quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco during the third quarter worth about $43,000. Venturi Wealth Management LLC grew its holdings in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after buying an additional 222 shares during the last quarter. Finally, Covestor Ltd increased its position in Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after acquiring an additional 312 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have weighed in on MAS shares. Loop Capital increased their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price objective 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 cut shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.27.
Masco Price Performance
MAS stock opened at $78.29 on Friday. The firm has a 50 day moving average of $76.79 and a 200-day moving average of $77.54. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70.
Masco (NYSE:MAS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. As a group, equities analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.
Masco Dividend Announcement
The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.48%. Masco’s dividend payout ratio (DPR) is currently 30.85%.
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.
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