Miracle Mile Advisors LLC Takes $504,000 Position in Masco Co. (NYSE:MAS)

Miracle Mile Advisors LLC bought a new position in Masco Co. (NYSE:MAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,946 shares of the construction company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of Masco in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Masco during the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC bought a new position in Masco during the 3rd quarter valued at approximately $43,000. Venturi Wealth Management LLC lifted its holdings in Masco by 59.4% in the 3rd 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 period. Finally, Covestor Ltd grew its position in shares of Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MAS. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research note on Friday, January 10th. Robert W. Baird cut their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Loop Capital increased their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Citigroup decreased their target price on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Masco currently has an average rating of “Hold” and a consensus price target of $86.96.

Masco Trading Up 1.7 %

NYSE MAS opened at $77.15 on Thursday. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock’s fifty day moving average price is $76.96 and its 200-day moving average price is $77.45. The stock has a market cap of $16.65 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. As a group, equities analysts forecast 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 paid 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 1.50%. Masco’s dividend payout ratio is 30.85%.

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.