Secure Asset Management LLC Makes New $360,000 Investment in Masco Co. (NYSE:MAS)

Secure Asset Management LLC acquired a new position in shares of Masco Co. (NYSE:MAS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,397 shares of the construction company's stock, valued at approximately $360,000.

Several other large investors have also recently bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new position in shares of Masco in the 1st quarter valued at $25,000. Versant Capital Management Inc raised its stake in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock valued at $28,000 after buying an additional 136 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company's stock valued at $34,000 after buying an additional 178 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after buying an additional 500 shares in the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Masco in the 1st quarter valued at $43,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MAS. Royal Bank of Canada increased their price objective on shares of Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Robert W. Baird upped their target price on shares of Masco from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. BMO Capital Markets upped their target price on shares of Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, May 3rd. Finally, Truist Financial upped their target price on shares of Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Masco currently has a consensus rating of "Moderate Buy" and an average target price of $77.58.

Masco Trading Up 3.8 %

Shares of NYSE MAS traded up $2.94 during mid-day trading on Friday, hitting $80.68. The company's stock had a trading volume of 1,340,828 shares, compared to its average volume of 1,934,481. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a one year low of $47.66 and a one year high of $80.74. The company's fifty day simple moving average is $71.70 and its 200-day simple moving average is $72.35.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, sell-side analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a $0.29 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco's dividend payout ratio is 28.43%.

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.