4,000 Shares in Masco Co. (NYSE:MAS) Acquired by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC purchased a new stake in shares of Masco Co. (NYSE:MAS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,000 shares of the construction company’s stock, valued at approximately $268,000.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of Masco in the fourth quarter worth about $39,000. Union Savings Bank lifted its position in shares of Masco by 91.7% during the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after buying an additional 275 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco during the 4th quarter worth approximately $44,000. VisionPoint Advisory Group LLC lifted its position in shares of Masco by 70.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after buying an additional 435 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new position in shares of Masco in the 4th quarter valued at $69,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.5 %

NYSE:MAS traded up $0.38 on Monday, hitting $69.52. The stock had a trading volume of 977,983 shares, compared to its average volume of 1,917,761. The business’s fifty day moving average is $70.32 and its 200 day moving average is $70.61. The company has a market cap of $15.31 billion, a PE ratio of 17.04, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94.

Masco (NYSE:MAS) last released its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. On average, equities research analysts expect that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. Masco’s dividend payout ratio (DPR) is 28.43%.

Analysts Set New Price Targets

Several research analysts recently commented on MAS shares. Royal Bank of Canada raised their price target on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Loop Capital cut their price objective on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Evercore ISI cut their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Citigroup upped their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.15.

Masco 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.