Evermay Wealth Management LLC boosted its holdings in Masco Co. (NYSE:MAS – Free Report) by 87.8% in the first quarter, HoldingsChannel reports. The firm owned 2,348 shares of the construction company’s stock after purchasing an additional 1,098 shares during the period. Evermay Wealth Management LLC’s holdings in Masco were worth $185,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. Versant Capital Management Inc raised its stake in Masco by 62.4% during the first 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 Masco by 70.1% during the first 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. Union Savings Bank raised its stake in Masco by 91.7% during the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after buying an additional 275 shares in the last quarter. Larson Financial Group LLC raised its stake in Masco by 4,545.5% during the first 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 stake in Masco during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Masco Stock Performance
MAS traded up $5.30 during trading hours on Thursday, hitting $75.88. The company’s stock had a trading volume of 3,677,245 shares, compared to its average volume of 1,969,930. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The firm has a market capitalization of $16.71 billion, a PE ratio of 18.60, a PEG ratio of 1.89 and a beta of 1.24. The company has a 50-day simple moving average of $68.64 and a 200 day simple moving average of $71.17.
Masco Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, August 2nd. Masco’s payout ratio is currently 28.43%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MAS shares. Jefferies Financial Group increased their price target on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Citigroup dropped their price target on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Loop Capital dropped their price target on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Barclays dropped their price target on Masco from $87.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.69.
Read Our Latest Analysis on Masco
About Masco
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.
See Also
- Five stocks we like better than Masco
- The 3 Best Retail Stocks to Shop for in August
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How is Compound Interest Calculated?
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Where Do I Find 52-Week Highs and Lows?
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Co. (NYSE:MAS – Free Report).
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.