ORG Wealth Partners LLC Makes New Investment in Masco Co. (NYSE:MAS)

ORG Wealth Partners LLC acquired a new stake in shares of Masco Co. (NYSE:MAS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 375 shares of the construction company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in Masco by 956.3% during the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after buying an additional 895,950 shares during the period. Nordea Investment Management AB boosted its position in Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after purchasing an additional 520,555 shares during the period. Bank of Montreal Can boosted its position in Masco by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company’s stock worth $42,318,000 after purchasing an additional 294,409 shares during the period. Barclays PLC increased its holdings in Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock valued at $74,192,000 after purchasing an additional 291,658 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Masco by 89.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock valued at $38,642,000 after purchasing an additional 273,718 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAS. Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and lowered their price objective for the company from $96.00 to $89.00 in a research report on Monday, December 16th. Loop Capital lifted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $86.96.

Masco Price Performance

Shares of NYSE MAS opened at $72.09 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70. The business has a 50 day simple moving average of $77.39 and a 200-day simple moving average of $77.15.

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

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, November 8th. Masco’s payout ratio is 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.