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

Venturi Wealth Management LLC lifted its position in shares of Masco Co. (NYSE:MAS) by 59.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 596 shares of the construction company’s stock after buying an additional 222 shares during the quarter. Venturi Wealth Management LLC’s holdings in Masco were worth $50,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MAS. New Covenant Trust Company N.A. bought a new stake in Masco during the 1st quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Masco in the second quarter worth $25,000. Family Firm Inc. acquired a new stake in Masco in the second quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in Masco during the 3rd quarter worth about $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Masco in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 directly owns 36,980 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MAS. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird lowered their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $85.96.

Masco Stock Performance

MAS opened at $78.42 on Friday. Masco Co. has a 1-year low of $58.89 and a 1-year high of $86.70. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.57 and a beta of 1.24. The company’s fifty day moving average price is $81.86 and its two-hundred day moving average price is $75.14. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (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%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

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

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.