Wealth Enhancement Advisory Services LLC Sells 4,431 Shares of Masco Co. (NYSE:MAS)

Wealth Enhancement Advisory Services LLC lessened its position in Masco Co. (NYSE:MAS) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 650,613 shares of the construction company’s stock after selling 4,431 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Masco were worth $54,612,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MAS. Vanguard Group Inc. grew its holdings 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. Massachusetts Financial Services Co. MA boosted its stake in shares of Masco by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after acquiring an additional 181,515 shares during the period. Van ECK Associates Corp increased its holdings in shares of Masco by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after acquiring an additional 9,094 shares during the last quarter. Impax Asset Management Group plc raised its stake in Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after acquiring an additional 259,205 shares during the period. Finally, Earnest Partners LLC lifted its holdings in Masco by 16.6% during the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after purchasing an additional 319,029 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 2.0 %

Shares of NYSE MAS opened at $81.26 on Friday. The stock has a market capitalization of $17.73 billion, a P/E ratio of 19.87, a PEG ratio of 2.78 and a beta of 1.24. The stock’s fifty day moving average is $81.33 and its 200 day moving average is $74.29. Masco Co. has a 52 week low of $49.24 and a 52 week high of $86.70. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. Sell-side analysts forecast that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MAS has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Truist Financial upped their price target on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their target price on Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group lifted their price target on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.75.

Masco Company 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.