Foster Victor Wealth Advisors LLC Has $17.26 Million Position in Masco Co. (NYSE:MAS)

Foster Victor Wealth Advisors LLC reduced its holdings in Masco Co. (NYSE:MAS) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 205,552 shares of the construction company’s stock after selling 10,259 shares during the period. Masco accounts for about 1.2% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Foster Victor Wealth Advisors LLC owned about 0.09% of Masco worth $17,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Masco in the 1st quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Masco in the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new position in shares of Masco in the 2nd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV grew its position in shares of Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after acquiring an additional 179 shares during the period. Finally, Larson Financial Group LLC grew 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 valued at $40,000 after acquiring an additional 500 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MAS shares. Jefferies Financial Group lifted their price objective 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. Royal Bank of Canada lifted their target price on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Truist Financial boosted their price objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird boosted their price objective on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.58.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $85.13 on Wednesday. The firm has a 50 day moving average of $79.78 and a 200-day moving average of $73.90. The stock has a market capitalization of $18.75 billion, a PE ratio of 20.87, a PEG ratio of 2.64 and a beta of 1.24. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco Co. has a 12 month low of $47.66 and a 12 month high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company earned $1.19 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Masco Company 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.