LVW Advisors LLC Buys 6,640 Shares of Masco Co. (NYSE:MAS)

LVW Advisors LLC raised its stake in Masco Co. (NYSE:MAS) by 93.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,721 shares of the construction company’s stock after acquiring an additional 6,640 shares during the period. LVW Advisors LLC’s holdings in Masco were worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Masco during the fourth quarter worth approximately $39,000. Union Savings Bank raised its position in Masco by 91.7% in the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after purchasing an additional 275 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Masco during the first quarter worth $43,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Masco during the fourth quarter worth $44,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the subject of a number of research analyst reports. Loop Capital dropped their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada increased their price objective on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Citigroup boosted their price target on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI lowered their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Masco currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Masco Price Performance

Shares of MAS opened at $66.67 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The stock has a market capitalization of $14.68 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.75 and a beta of 1.27. The company has a 50 day moving average of $69.13 and a 200-day moving average of $70.93.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.87 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 1.74%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

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.