Wealth Enhancement Advisory Services LLC Sells 5,295 Shares of Masco Co. (NYSE:MAS)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Masco Co. (NYSE:MAS) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 655,044 shares of the construction company’s stock after selling 5,295 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.30% of Masco worth $43,672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MAS. New Covenant Trust Company N.A. bought a new position in Masco during the 1st quarter valued at approximately $25,000. Versant Capital Management Inc increased its holdings in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after acquiring an additional 178 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Masco in the 1st quarter worth about $43,000. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Loop Capital lowered their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group lifted their price objective on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.58.

Masco Stock Performance

MAS traded up $0.71 during trading on Wednesday, hitting $74.93. The company’s stock had a trading volume of 253,375 shares, compared to its average volume of 1,953,488. Masco Co. has a one year low of $47.66 and a one year high of $79.54. The business’s 50 day simple moving average is $70.21 and its 200-day simple moving average is $71.91. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The firm has a market cap of $16.50 billion, a PE ratio of 18.19, a P/E/G ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the business earned $1.19 earnings per share. Masco’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, August 2nd. Masco’s payout ratio is 28.43%.

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.