Jones Financial Companies Lllp Has $340,000 Stock Position in Masco Co. (NYSE:MAS)

Jones Financial Companies Lllp raised its position in shares of Masco Co. (NYSE:MAS) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,690 shares of the construction company’s stock after purchasing an additional 1,610 shares during the period. Jones Financial Companies Lllp’s holdings in Masco were worth $340,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its holdings in shares of Masco by 74.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock worth $56,000 after buying an additional 330 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Masco by 23.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,562 shares of the construction company’s stock worth $113,000 after buying an additional 296 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Masco by 3.1% during the fourth quarter. Metis Global Partners LLC now owns 7,251 shares of the construction company’s stock worth $526,000 after buying an additional 220 shares in the last quarter. US Bancorp DE increased its holdings in shares of Masco by 1.2% during the fourth quarter. US Bancorp DE now owns 139,718 shares of the construction company’s stock worth $10,140,000 after buying an additional 1,665 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Masco during the fourth quarter worth $9,193,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now owns 60,267 shares of the company’s stock, valued at $4,601,988.12. This represents a 26.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. The Goldman Sachs Group upped their price target on shares of Masco from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays upped their price target on shares of Masco from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group lowered their price target on shares of Masco from $94.00 to $91.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price objective on Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.32.

Masco Stock Performance

Shares of MAS opened at $71.37 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of $15.13 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The firm’s fifty day simple moving average is $76.15 and its two-hundred day simple moving average is $78.67. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same quarter in the previous year, the company earned $0.83 EPS. As a group, analysts predict that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is 32.98%.

About Masco

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.