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

Evermay Wealth Management LLC trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 18.5% during the 3rd quarter, according to its most recent 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 reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new stake in Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in Masco during the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new stake in Masco during the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV lifted its position in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after buying an additional 179 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after buying an additional 500 shares during the period. Institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on MAS. Evercore ISI raised their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday. 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 note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Jefferies Financial Group increased 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. Finally, Robert W. Baird decreased their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.85.

Masco Price Performance

MAS opened at $80.34 on Thursday. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.78 and a beta of 1.24. 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 Co. has a 12-month low of $51.72 and a 12-month high of $86.70. The business’s fifty day simple moving average is $81.56 and its 200-day simple moving average is $74.45.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, equities research analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 28.43%.

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.