163,576 Shares in Masco Co. (NYSE:MAS) Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new position in shares of Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 163,576 shares of the construction company's stock, valued at approximately $11,871,000. Moran Wealth Management LLC owned approximately 0.08% of Masco at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company's stock worth $170,000 after acquiring an additional 128 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Masco by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 263,155 shares of the construction company's stock worth $22,089,000 after acquiring an additional 7,089 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Masco during the 3rd quarter worth about $38,000. Equitable Trust Co. boosted its position in shares of Masco by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 7,953 shares of the construction company's stock worth $668,000 after acquiring an additional 175 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Masco during the 3rd quarter worth about $2,109,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MAS shares. The Goldman Sachs Group upped their price objective on Masco from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on Masco from $85.00 to $82.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group downgraded Masco from a "buy" rating to a "hold" rating and reduced their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, UBS Group reduced their target price on Masco from $94.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.32.

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Masco Stock Performance

MAS traded down $0.29 on Wednesday, hitting $71.10. 1,522,445 shares of the company traded hands, compared to its average volume of 1,553,920. The company has a 50 day moving average of $76.13 and a 200-day moving average of $78.61. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of $15.07 billion, a PE ratio of 18.91, a PEG ratio of 1.94 and a beta of 1.24. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Sell-side analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Masco's dividend payout ratio is 32.98%.

Insider Transactions at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the transaction, the chief executive officer now directly owns 60,267 shares of the company's stock, valued at approximately $4,601,988.12. This represents a 26.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

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.