Exchange Traded Concepts LLC Invests $254,000 in Masco Co. (NYSE:MAS)

Exchange Traded Concepts LLC bought a new stake in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 3,031 shares of the construction company’s stock, valued at approximately $254,000.

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of Masco during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in shares of Masco during the 2nd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after buying an additional 500 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Up 0.3 %

Shares of Masco stock opened at $85.71 on Monday. The business’s fifty day moving average price is $80.57 and its two-hundred day moving average price is $74.10. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company has a market capitalization of $18.88 billion, a P/E ratio of 21.01, a PEG ratio of 2.64 and a beta of 1.24. Masco Co. has a 1-year low of $47.66 and a 1-year high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, research analysts forecast that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is currently 28.43%.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MAS. Barclays raised their price objective on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $80.58.

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.