Nicolet Advisory Services LLC Acquires 236 Shares of Masco Co. (NYSE:MAS)

Nicolet Advisory Services LLC grew its holdings in shares of Masco Co. (NYSE:MAS) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,648 shares of the construction company’s stock after acquiring an additional 236 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Masco were worth $1,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in Masco in the 1st quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in shares of Masco in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new stake in shares of Masco during the 2nd quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in Masco during the 3rd quarter worth $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Masco in the 3rd quarter worth about $43,000. Institutional investors own 93.91% of the company’s stock.

Insider Activity

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Masco Stock Up 0.9 %

Shares of NYSE:MAS opened at $79.01 on Friday. Masco Co. has a 1 year low of $58.91 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The business’s 50-day moving average is $81.76 and its 200-day moving average is $75.43. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.54 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for 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 company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities research analysts predict that Masco Co. will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAS shares. Wells Fargo & Company lifted their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays upped their price target on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $85.96.

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.