Masco Co. (NYSE:MAS) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its position in shares of Masco Co. (NYSE:MAS) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,804 shares of the construction company’s stock after selling 650 shares during the period. Acropolis Investment Management LLC’s holdings in Masco were worth $1,800,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of Masco in the 4th quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco during the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC acquired a new stake in Masco during the 3rd quarter worth approximately $43,000. Venturi Wealth Management LLC lifted its position in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares in the last quarter. Finally, Covestor Ltd grew its stake in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Up 3.1 %

Shares of Masco stock opened at $75.81 on Wednesday. The firm has a market cap of $16.36 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.55 and a beta of 1.25. The business has a 50-day moving average price of $77.08 and a 200 day moving average price of $77.39. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70.

Masco (NYSE:MAS) last announced 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. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed 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 was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.53%. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAS shares. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. Truist Financial boosted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note 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. Loop Capital upped their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $86.96.

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.