Aaron Wealth Advisors LLC Increases Holdings in Masco Co. (NYSE:MAS)

Aaron Wealth Advisors LLC increased its stake in shares of Masco Co. (NYSE:MAS) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,708 shares of the construction company’s stock after purchasing an additional 439 shares during the period. Aaron Wealth Advisors LLC’s holdings in Masco were worth $414,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new stake in shares of Masco during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco in the 3rd quarter valued at $38,000. Ashton Thomas Securities LLC bought a new position in shares of Masco during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC raised its position in Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after purchasing an additional 222 shares during the period. Finally, Covestor Ltd lifted its stake in Masco by 86.4% in the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of Masco stock opened at $78.29 on Monday. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The firm has a market capitalization of $16.89 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business has a fifty day simple moving average of $76.79 and a two-hundred day simple moving average of $77.72.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAS. JPMorgan Chase & Co. raised their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price target (down previously from $92.00) on shares of Masco in a report on Tuesday, December 17th. Citigroup lowered their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and an average price target of $86.27.

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.