EverSource Wealth Advisors LLC Has $3.13 Million Stock Holdings in Masco Co. (NYSE:MAS)

EverSource Wealth Advisors LLC trimmed its position in Masco Co. (NYSE:MAS) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,986 shares of the construction company’s stock after selling 154 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Masco were worth $3,133,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in Masco during the 2nd quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after purchasing an additional 136 shares during the period. Family Firm Inc. acquired a new position in Masco in the 2nd quarter valued at $30,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after buying an additional 179 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their target price on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Truist Financial increased their price target on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird lifted their price objective on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets increased their target price on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.58.

Masco Price Performance

Shares of MAS opened at $82.11 on Friday. Masco Co. has a 12-month low of $47.66 and a 12-month high of $83.56. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The stock has a market cap of $18.08 billion, a PE ratio of 20.13, a PEG ratio of 2.45 and a beta of 1.24. The business has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $73.08.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Analysts anticipate that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.41%. Masco’s payout ratio is 28.43%.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

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.