Wealthquest Corp Invests $111.72 Million in Masco Corporation (NYSE:MAS)

Wealthquest Corp purchased a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,477,255 shares of the construction company's stock, valued at approximately $111,722,000. Masco comprises 10.8% of Wealthquest Corp's portfolio, making the stock its 3rd largest position. Wealthquest Corp owned approximately 0.70% of Masco as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Masco by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock valued at $371,265,000 after acquiring an additional 58,739 shares during the last quarter. Northern Trust Corp increased its position in shares of Masco by 9.5% during the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after acquiring an additional 337,164 shares during the last quarter. Invesco Ltd. increased its position in shares of Masco by 14.7% during the fourth quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after acquiring an additional 360,931 shares during the last quarter. Deutsche Bank AG increased its position in shares of Masco by 12.4% during the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock valued at $200,456,000 after acquiring an additional 305,156 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Masco by 6.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,463,217 shares of the construction company's stock valued at $178,756,000 after acquiring an additional 142,318 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAS. Wells Fargo & Company lifted their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada dropped their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Loop Capital set a $62.00 price objective on shares of Masco and gave the company a "hold" rating 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $73.63.

Masco Stock Up 0.7%

Masco stock traded up $0.45 during trading on Friday, reaching $64.19. The stock had a trading volume of 2,796,058 shares, compared to its average volume of 1,840,627. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The business has a 50 day moving average price of $62.83 and a 200 day moving average price of $69.42. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market cap of $13.54 billion, a PE ratio of 17.54, a P/E/G ratio of 2.43 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) 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 firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm's revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.93%. Masco's dividend payout ratio is presently 33.88%.

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.