Venturi Wealth Management LLC Buys 222 Shares of Masco Co. (NYSE:MAS)

Venturi Wealth Management LLC lifted its stake in shares of Masco Co. (NYSE:MAS) by 59.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596 shares of the construction company’s stock after purchasing an additional 222 shares during the period. Venturi Wealth Management LLC’s holdings in Masco were worth $50,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in Masco by 6.7% in the third quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after acquiring an additional 128 shares during the last quarter. HB Wealth Management LLC lifted its stake in Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the last quarter. American National Bank & Trust grew its holdings in Masco by 1.0% during the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 142 shares during the period. Hills Bank & Trust Co increased its position in Masco by 0.7% during the third quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock worth $1,734,000 after buying an additional 144 shares during the last quarter. Finally, BOKF NA raised its stake in Masco by 2.5% in the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated 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 transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $78.42 on Friday. The business has a fifty day moving average price of $81.86 and a two-hundred day moving average price of $75.14. The stock has a market capitalization of $16.92 billion, a PE ratio of 20.86, a P/E/G ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a fifty-two week low of $58.89 and a fifty-two week high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, equities analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco’s dividend payout ratio (DPR) is 30.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAS. Evercore ISI lifted their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.96.

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.