ORG Wealth Partners LLC Acquires New Holdings in Masco Co. (NYSE:MAS)

ORG Wealth Partners LLC bought a new position in Masco Co. (NYSE:MAS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 375 shares of the construction company’s stock, valued at approximately $27,000.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after buying an additional 895,950 shares in the last quarter. Nordea Investment Management AB boosted its position in Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares during the period. Bank of Montreal Can grew its stake in shares of Masco by 86.5% in the second quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock worth $42,318,000 after purchasing an additional 294,409 shares in the last quarter. Barclays PLC increased its holdings in shares of Masco by 49.2% during the third quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock valued at $74,192,000 after purchasing an additional 291,658 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Masco by 89.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock valued at $38,642,000 after purchasing an additional 273,718 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 0.5 %

MAS stock opened at $72.09 on Friday. The company’s 50 day simple moving average is $77.39 and its 200-day simple moving average is $77.15. Masco Co. has a 52-week low of $63.81 and a 52-week 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 capitalization of $15.55 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.55 and a beta of 1.25.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

Several equities analysts have commented on MAS shares. Wells Fargo & Company reissued an “equal weight” rating and set a $85.00 target price (down previously from $92.00) on shares of Masco in a research note on Tuesday, December 17th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.96.

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.