AE Wealth Management LLC Buys 11,082 Shares of Masco Corporation (NYSE:MAS)

Key Points

• AE Wealth Management LLC increased its holdings in Masco Corporation by 13.9% during the first quarter, now owning 90,772 shares valued at approximately $6.31 million.
• Masco's stock price rose 0.5% to $67.75, with a market capitalization of $14.29 billion and a P/E ratio of 18.51.
• The company reported a quarterly earnings per share of $0.87, missing analysts’ expectations, with a revenue of $1.80 billion for the quarter.

AE Wealth Management LLC grew its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,772 shares of the construction company's stock after purchasing an additional 11,082 shares during the quarter. AE Wealth Management LLC's holdings in Masco were worth $6,312,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its position in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Masco during the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Masco during the 1st quarter valued at about $33,000. GeoWealth Management LLC boosted its holdings in Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after acquiring an additional 322 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Masco during the 1st quarter valued at about $56,000. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Up 0.7%

Shares of NYSE:MAS traded up $0.46 during trading on Monday, hitting $68.21. The stock had a trading volume of 387,098 shares, compared to its average volume of 2,080,375. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a market capitalization of $14.39 billion, a PE ratio of 18.62, a PEG ratio of 2.76 and a beta of 1.19. The firm's fifty day moving average is $64.30 and its 200 day moving average is $68.23.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

MAS has been the subject of several analyst reports. UBS Group restated a "buy" rating and set a $80.00 target price (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Royal Bank Of Canada dropped their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Barclays increased their target price on Masco from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price objective on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Twelve analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.03.

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.