Park Avenue Securities LLC Buys 7,242 Shares of Masco Co. (NYSE:MAS)

Park Avenue Securities LLC grew its position in Masco Co. (NYSE:MAS - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,556 shares of the construction company's stock after acquiring an additional 7,242 shares during the period. Park Avenue Securities LLC's holdings in Masco were worth $2,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Masco in the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco in the third quarter worth about $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco in the 3rd quarter valued at approximately $43,000. Venturi Wealth Management LLC grew its holdings in shares of Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock valued at $50,000 after purchasing an additional 222 shares during the last quarter. Finally, Covestor Ltd increased its position in Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company's stock worth $57,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Stock Up 1.0 %

Shares of Masco stock traded up $0.74 during trading on Friday, reaching $78.29. 1,659,219 shares of the company traded hands, compared to its average volume of 1,051,616. The firm has a market capitalization of $16.89 billion, a PE ratio of 20.82, a P/E/G ratio of 2.17 and a beta of 1.25. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The company has a 50 day moving average price of $76.79 and a 200-day moving average price of $77.54. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS 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 return on equity of 615.54% and a net margin of 10.54%. The firm's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. As a group, equities research analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, November 8th. Masco's payout ratio is currently 30.85%.

Analysts Set New Price Targets

MAS has been the topic of a number of research reports. Robert W. Baird decreased 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. Evercore ISI upped their price target on shares of Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Citigroup cut their price target on shares of Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Oppenheimer upgraded Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price objective for the company in a report on Friday, January 10th. Finally, BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $86.27.

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.