Evermay Wealth Management LLC Decreases Stock Position in Masco Co. (NYSE:MAS)

Evermay Wealth Management LLC cut its holdings in Masco Co. (NYSE:MAS) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,913 shares of the construction company’s stock after selling 435 shares during the quarter. Evermay Wealth Management LLC’s holdings in Masco were worth $161,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in shares of Masco during the first quarter valued at $25,000. Innealta Capital LLC purchased a new position in Masco in the 2nd quarter worth about $25,000. Family Firm Inc. bought a new position in Masco during the 2nd quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after acquiring an additional 500 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Masco during the first quarter valued at approximately $44,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAS has been the topic of several research analyst reports. Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday. Barclays upped their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $79.00 to $80.00 in a research report on Wednesday. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.85.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $80.34 on Thursday. The stock has a 50-day moving average price of $81.56 and a 200 day moving average price of $74.45. The stock has a market capitalization of $17.69 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.78 and a beta of 1.24. Masco Co. has a 12-month low of $51.72 and a 12-month high of $86.70. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Masco’s dividend payout ratio is currently 28.43%.

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.