Masco Co. (NYSE:MAS) Shares Bought by Wedmont Private Capital

Wedmont Private Capital increased its holdings in Masco Co. (NYSE:MAS) by 4.4% during the 1st quarter, HoldingsChannel reports. The fund owned 4,246 shares of the construction company’s stock after acquiring an additional 178 shares during the quarter. Wedmont Private Capital’s holdings in Masco were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Masco by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after acquiring an additional 178 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Masco by 2.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $354,000 after acquiring an additional 180 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Masco by 19.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock worth $75,000 after acquiring an additional 182 shares in the last quarter. Finally, Donald L. Hagan LLC lifted its stake in shares of Masco by 0.9% in the fourth quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock worth $1,414,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada upped their price objective on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Evercore ISI cut their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Loop Capital cut their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Finally, Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

Masco Stock Down 0.6 %

NYSE:MAS opened at $67.84 on Friday. The firm has a market capitalization of $14.94 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The stock has a 50 day moving average of $69.71 and a 200-day moving average of $70.80. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 23rd. Masco’s dividend payout ratio (DPR) is 28.43%.

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.