LVW Advisors LLC Boosts Stock Position in Masco Co. (NYSE:MAS)

LVW Advisors LLC increased its holdings in shares of Masco Co. (NYSE:MAS) by 93.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,721 shares of the construction company’s stock after buying an additional 6,640 shares during the period. LVW Advisors LLC’s holdings in Masco were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MAS. Foguth Wealth Management LLC. acquired a new position in shares of Masco during the 1st quarter worth about $524,000. Vicus Capital lifted its position in shares of Masco by 62.3% in the first quarter. Vicus Capital now owns 6,921 shares of the construction company’s stock valued at $546,000 after acquiring an additional 2,656 shares in the last quarter. Grimes & Company Inc. purchased a new stake in shares of Masco during the first quarter worth approximately $201,000. Signet Financial Management LLC raised its stake in Masco by 1.0% in the 1st quarter. Signet Financial Management LLC now owns 51,683 shares of the construction company’s stock valued at $4,077,000 after purchasing an additional 517 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in Masco in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.4 %

MAS opened at $66.67 on Monday. Masco Co. has a one year low of $47.66 and a one year high of $78.94. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The stock has a market capitalization of $14.68 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27. The business’s 50-day simple moving average is $69.13 and its 200-day simple moving average is $70.93.

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

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. Masco’s dividend payout ratio (DPR) is 28.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAS shares. Loop Capital decreased their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Evercore ISI decreased their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada lifted 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.15.

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.