Axxcess Wealth Management LLC Has $1.47 Million Holdings in Masco Co. (NYSE:MAS)

Axxcess Wealth Management LLC cut its holdings in Masco Co. (NYSE:MAS) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,577 shares of the construction company’s stock after selling 144 shares during the period. Axxcess Wealth Management LLC’s holdings in Masco were worth $1,465,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MAS. Norges Bank acquired a new position in shares of Masco in the fourth quarter valued at about $122,144,000. Confluence Investment Management LLC bought a new stake in Masco during the first quarter worth about $78,181,000. Vanguard Group Inc. lifted its position in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after purchasing an additional 721,117 shares during the period. Assenagon Asset Management S.A. lifted its position in Masco by 967.9% during the first quarter. Assenagon Asset Management S.A. now owns 415,406 shares of the construction company’s stock worth $32,767,000 after purchasing an additional 376,506 shares during the period. Finally, Van ECK Associates Corp lifted its position in Masco by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after purchasing an additional 254,040 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group upped their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial upped their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday. Finally, StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.57.

Masco Trading Up 2.1 %

Masco stock traded up $1.61 during mid-day trading on Friday, hitting $77.45. 3,007,947 shares of the stock were exchanged, compared to its average volume of 2,164,413. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The firm’s fifty day simple moving average is $68.78 and its two-hundred day simple moving average is $71.25. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.28 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the business earned $1.19 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Analysts forecast that Masco Co. will post 4.08 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.50%. Masco’s payout ratio is 28.43%.

Masco 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.