Integrated Wealth Concepts LLC Boosts Stock Position in Masco Co. (NYSE:MAS)

Integrated Wealth Concepts LLC lifted its stake in Masco Co. (NYSE:MAS) by 71.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,874 shares of the construction company’s stock after purchasing an additional 2,029 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Masco were worth $354,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Masco by 20.6% during the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares during the period. Foster Victor Wealth Advisors LLC increased its position in Masco by 6.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company’s stock worth $17,135,000 after purchasing an additional 13,568 shares during the last quarter. Versant Capital Management Inc raised its stake in Masco by 69.1% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after purchasing an additional 631 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company’s stock valued at $747,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its holdings in Masco by 2.0% in the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company’s stock valued at $73,737,000 after purchasing an additional 20,129 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAS. The Goldman Sachs Group reduced their price target on shares of Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Masco from $82.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Citigroup reduced their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.10.

Insider Buying and Selling

In other news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 60,267 shares of the company’s stock, valued at approximately $4,601,988.12. The trade was a 26.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Renee Straber sold 3,139 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Masco Price Performance

Shares of MAS opened at $62.32 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Co. has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a market cap of $13.15 billion, a P/E ratio of 16.57, a PEG ratio of 1.94 and a beta of 1.23. The firm’s 50 day moving average price is $66.71 and its 200 day moving average price is $74.12.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, research analysts forecast that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.99%. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Masco’s dividend payout ratio is presently 33.88%.

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.