World Investment Advisors LLC Invests $201,000 in Masco Co. (NYSE:MAS)

World Investment Advisors LLC bought a new stake in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 2,392 shares of the construction company’s stock, valued at approximately $201,000.

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

Analysts Set New Price Targets

Several research analysts have weighed in on MAS shares. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $96.00 to $89.00 in a report on Monday. Truist Financial lifted their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Robert W. Baird decreased their target price on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average target price of $85.88.

Masco Trading Down 1.7 %

Shares of NYSE:MAS opened at $72.69 on Friday. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market cap of $15.68 billion, a PE ratio of 19.33, a P/E/G ratio of 2.57 and a beta of 1.23. The company’s 50-day moving average price is $80.41 and its 200 day moving average price is $76.66.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is currently 30.85%.

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.