Miracle Mile Advisors LLC bought a new position in shares of Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,946 shares of the construction company's stock, valued at approximately $504,000.
A number of other hedge funds have also added to or reduced their stakes in MAS. Franklin Resources Inc. grew its stake in Masco by 20.6% in the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock valued at $28,147,000 after purchasing an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company's stock worth $45,364,000 after buying an additional 96,415 shares during the last quarter. Hsbc Holdings PLC raised its position in Masco by 11.6% during the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company's stock worth $30,932,000 after acquiring an additional 48,379 shares in the last quarter. Versant Capital Management Inc lifted its stake in Masco by 69.1% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company's stock valued at $112,000 after acquiring an additional 631 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Masco in the 2nd quarter valued at about $1,509,000. Institutional investors own 93.91% of the company's stock.
Masco Price Performance
MAS stock traded up $0.45 during trading on Thursday, reaching $77.54. 1,437,013 shares of the company were exchanged, compared to its average volume of 1,298,751. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a 50-day moving average of $76.90 and a two-hundred day moving average of $77.45.
Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.
Masco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given 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 1.50%. Masco's dividend payout ratio is presently 30.85%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on MAS shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $85.00 target price (down from $92.00) on shares of Masco in a report on Tuesday, December 17th. Citigroup dropped their price objective on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Masco from $80.00 to $83.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Robert W. Baird decreased their target price on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Royal Bank of Canada downgraded Masco from an "outperform" rating to a "sector perform" rating and raised their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $86.27.
Check Out Our Latest Stock Report on Masco
Masco Company Profile
(
Free Report)
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.
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