Larson Financial Group LLC Has $217,000 Stock Holdings in Masco Co. (NYSE:MAS)

Larson Financial Group LLC increased its holdings in shares of Masco Co. (NYSE:MAS) by 75.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,583 shares of the construction company’s stock after buying an additional 1,109 shares during the period. Larson Financial Group LLC’s holdings in Masco were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAS. Farther Finance Advisors LLC lifted its position in shares of Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares during the period. WCM Investment Management LLC lifted its position in shares of Masco by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after purchasing an additional 132 shares during the period. Metis Global Partners LLC lifted its position in shares of Masco by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after purchasing an additional 133 shares during the period. Empirical Finance LLC lifted its position in shares of Masco by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock worth $665,000 after purchasing an additional 137 shares during the period. Finally, HB Wealth Management LLC lifted its position in shares of Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their target price on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Jefferies Financial Group boosted their target price on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.96.

Masco Stock Performance

NYSE MAS opened at $80.41 on Thursday. 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 firm has a market cap of $17.35 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.66 and a beta of 1.24. The company has a fifty day moving average price of $81.77 and a 200-day moving average price of $75.63.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco’s payout ratio is 30.85%.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.