Wealth Enhancement Advisory Services LLC Increases Stock Position in Masco Corporation (NYSE:MAS)

Wealth Enhancement Advisory Services LLC raised its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 702,568 shares of the construction company's stock after buying an additional 49,055 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.33% of Masco worth $48,857,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its holdings in Masco by 17.3% during the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after purchasing an additional 133 shares during the period. Keybank National Association OH raised its holdings in Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after acquiring an additional 151 shares in the last quarter. VELA Investment Management LLC lifted its stake in Masco by 2.5% in the fourth quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock worth $574,000 after acquiring an additional 194 shares during the last quarter. M&T Bank Corp increased its position in shares of Masco by 1.7% in the 4th quarter. M&T Bank Corp now owns 12,065 shares of the construction company's stock valued at $876,000 after purchasing an additional 205 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after purchasing an additional 208 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

MAS traded up $0.87 during trading on Tuesday, reaching $63.82. The company's stock had a trading volume of 2,584,221 shares, compared to its average volume of 1,839,976. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company's fifty day moving average price is $62.65 and its 200-day moving average price is $69.73. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.09 and a current ratio of 1.75.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $0.93 EPS. The company's revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.94%. Masco's dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAS shares. The Goldman Sachs Group dropped their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Jefferies Financial Group dropped their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $73.63.

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.