Foster Victor Wealth Advisors LLC Purchases 36,149 Shares of Masco Co. (NYSE:MAS)

Foster Victor Wealth Advisors LLC boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 16.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,269 shares of the construction company's stock after purchasing an additional 36,149 shares during the period. Masco makes up approximately 1.4% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 15th biggest holding. Foster Victor Wealth Advisors LLC owned approximately 0.12% of Masco worth $17,751,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MAS. Empowered Funds LLC increased its position in shares of Masco by 9.9% in the fourth quarter. Empowered Funds LLC now owns 29,041 shares of the construction company's stock worth $2,108,000 after acquiring an additional 2,626 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Masco by 8.9% in the fourth quarter. V Square Quantitative Management LLC now owns 5,647 shares of the construction company's stock worth $410,000 after acquiring an additional 462 shares in the last quarter. Principal Securities Inc. increased its position in shares of Masco by 20.5% in the fourth quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock worth $823,000 after acquiring an additional 1,931 shares in the last quarter. Allworth Financial LP increased its position in shares of Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after acquiring an additional 133 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Masco by 3.9% in the fourth quarter. CIBC Asset Management Inc now owns 34,037 shares of the construction company's stock worth $2,470,000 after acquiring an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the subject of several recent research reports. Evercore ISI dropped their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Robert W. Baird lowered their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $73.63.

Masco Stock Performance

Shares of NYSE MAS traded up $0.26 during midday trading on Monday, hitting $62.14. The company's stock had a trading volume of 331,201 shares, compared to its average volume of 1,804,043. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The firm's fifty day moving average price is $62.70 and its 200-day moving average price is $70.53. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The firm has a market cap of $13.11 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.94 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, sell-side analysts forecast that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

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.