DB Fitzpatrick & Co Inc Lowers Stock Holdings in Masco Co. (NYSE:MAS)

DB Fitzpatrick & Co Inc cut its holdings in Masco Co. (NYSE:MAS) by 9.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,832 shares of the construction company’s stock after selling 1,572 shares during the period. DB Fitzpatrick & Co Inc’s holdings in Masco were worth $1,076,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of Masco during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Masco during the third quarter worth approximately $38,000. Ashton Thomas Securities LLC acquired a new position in Masco during the third quarter worth approximately $43,000. Venturi Wealth Management LLC raised its stake in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after purchasing an additional 222 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the subject of a number of research analyst reports. Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $85.00 price objective (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Loop Capital increased their target price on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased 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. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.27.

Masco Trading Up 1.0 %

NYSE:MAS opened at $78.29 on Friday. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The business’s 50-day simple moving average is $76.79 and its 200 day simple moving average is $77.54. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. 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.