2,845 Shares in Masco Co. (NYSE:MAS) Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC acquired a new position in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,845 shares of the construction company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAS. Innealta Capital LLC bought a new stake in shares of Masco in the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in Masco in the second quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in Masco in the third quarter worth $38,000. LRI Investments LLC increased its holdings in shares of Masco by 850.8% during the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after acquiring an additional 536 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Masco in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird decreased their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $85.96.

Masco Stock Down 0.6 %

Shares of MAS stock opened at $78.76 on Friday. The company has a 50 day simple moving average of $81.05 and a two-hundred day simple moving average of $76.47. The stock has a market cap of $16.99 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.57 and a beta of 1.23. Masco Co. has a 12 month low of $63.60 and a 12 month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion for 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 for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. On average, research analysts expect that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is 30.85%.

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.