AE Wealth Management LLC Has $3.63 Million Stock Position in Masco Co. (NYSE:MAS)

AE Wealth Management LLC lifted its holdings in Masco Co. (NYSE:MAS) by 32.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,490 shares of the construction company’s stock after acquiring an additional 13,269 shares during the period. AE Wealth Management LLC’s holdings in Masco were worth $3,633,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MAS. Davidson Capital Management Inc. boosted its holdings in Masco by 0.7% in the 2nd quarter. Davidson Capital Management Inc. now owns 39,939 shares of the construction company’s stock valued at $2,663,000 after purchasing an additional 275 shares during the period. Intech Investment Management LLC raised its position in shares of Masco by 303.8% in the 2nd quarter. Intech Investment Management LLC now owns 86,087 shares of the construction company’s stock valued at $5,739,000 after buying an additional 64,766 shares in the last quarter. MQS Management LLC boosted its position in Masco by 63.6% during the 2nd quarter. MQS Management LLC now owns 8,135 shares of the construction company’s stock worth $542,000 after buying an additional 3,164 shares during the period. XTX Topco Ltd grew its holdings in Masco by 87.1% during the 2nd quarter. XTX Topco Ltd now owns 16,717 shares of the construction company’s stock worth $1,115,000 after acquiring an additional 7,784 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Masco by 11.6% in the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock valued at $30,932,000 after acquiring an additional 48,379 shares during the period. 93.91% of the stock is owned by institutional investors.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MAS shares. Jefferies Financial Group raised their target price on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Citigroup reduced their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Royal Bank of Canada boosted their price target 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 objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Barclays boosted their target price on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

Masco Stock Down 1.4 %

MAS stock opened at $82.11 on Monday. The stock has a fifty day moving average of $76.72 and a 200-day moving average of $73.05. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $83.56. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. As a group, equities research analysts predict that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders 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 dividend payout ratio is currently 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.