17,093 Shares in Masco Co. (NYSE:MAS) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in shares of Masco Co. (NYSE:MAS - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,093 shares of the construction company's stock, valued at approximately $1,435,000.

Several other institutional investors and hedge funds have also modified their holdings of MAS. Cetera Investment Advisers boosted its holdings in Masco by 507.8% during the first quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company's stock worth $2,299,000 after buying an additional 24,352 shares in the last quarter. Czech National Bank boosted its stake in shares of Masco by 8.5% during the 2nd quarter. Czech National Bank now owns 41,969 shares of the construction company's stock worth $2,798,000 after acquiring an additional 3,302 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Masco by 17.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 52,962 shares of the construction company's stock valued at $3,531,000 after acquiring an additional 7,741 shares during the period. PGGM Investments grew its position in shares of Masco by 27.3% during the 2nd quarter. PGGM Investments now owns 187,577 shares of the construction company's stock valued at $12,506,000 after acquiring an additional 40,242 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Masco by 3.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 48,813 shares of the construction company's stock valued at $3,254,000 after purchasing an additional 1,572 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on MAS shares. UBS Group boosted their price objective on Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Masco from $80.00 to $83.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $85.96.

Masco Trading Down 2.3 %

NYSE MAS traded down $1.88 on Tuesday, reaching $79.36. 1,341,552 shares of the company were exchanged, compared to its average volume of 1,775,962. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The stock has a market capitalization of $17.12 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The business's fifty day moving average price is $81.37 and its 200 day moving average price is $76.29. 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 (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The company's revenue was up .2% compared to the same quarter last year. Analysts forecast that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, November 8th. Masco's payout ratio is presently 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.