LPL Financial LLC Has $5.08 Million Holdings in Masco Co. (NYSE:MAS)

LPL Financial LLC boosted its stake in Masco Co. (NYSE:MAS) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,181 shares of the construction company’s stock after purchasing an additional 8,236 shares during the quarter. LPL Financial LLC’s holdings in Masco were worth $5,080,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in Masco in the first quarter worth $27,000. Accel Wealth Management grew its holdings in Masco by 65.8% in the first quarter. Accel Wealth Management now owns 761 shares of the construction company’s stock worth $38,000 after purchasing an additional 302 shares during the period. Allworth Financial LP grew its holdings in Masco by 45.7% in the first quarter. Allworth Financial LP now owns 854 shares of the construction company’s stock worth $42,000 after purchasing an additional 268 shares during the period. Lindbrook Capital LLC grew its holdings in Masco by 105.2% in the first quarter. Lindbrook Capital LLC now owns 913 shares of the construction company’s stock worth $45,000 after purchasing an additional 468 shares during the period. Finally, Spire Wealth Management grew its holdings in Masco by 56.5% in the first quarter. Spire Wealth Management now owns 1,277 shares of the construction company’s stock worth $63,000 after purchasing an additional 461 shares during the period. 91.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MAS shares. Barclays raised their price objective on shares of Masco from $66.00 to $74.00 in a research note on Friday, July 28th. Bank of America raised their price objective on shares of Masco from $57.00 to $59.00 in a research note on Friday, July 28th. Jefferies Financial Group raised their price objective on shares of Masco from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. TheStreet lowered shares of Masco from a “b” rating to a “c+” rating in a research note on Monday. Finally, Truist Financial raised their price objective on shares of Masco from $60.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Masco currently has an average rating of “Moderate Buy” and a consensus target price of $62.58.

Insider Transactions at Masco

In other news, VP Renee Straber sold 41,200 shares of Masco stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.13, for a total value of $2,518,556.00. Following the completion of the transaction, the vice president now owns 31,995 shares in the company, valued at $1,955,854.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Renee Straber sold 41,200 shares of Masco stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.13, for a total value of $2,518,556.00. Following the completion of the transaction, the vice president now owns 31,995 shares in the company, valued at $1,955,854.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth G. Cole sold 10,000 shares of Masco stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $54.95, for a total transaction of $549,500.00. Following the completion of the transaction, the vice president now owns 70,198 shares of the company’s stock, valued at approximately $3,857,380.10. The disclosure for this sale can be found here. Insiders sold 239,240 shares of company stock worth $14,307,207 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Masco Stock Performance

NYSE MAS opened at $59.72 on Friday. Masco Co. has a 52-week low of $42.33 and a 52-week high of $63.85. The company has a 50-day simple moving average of $58.53 and a 200 day simple moving average of $54.08. The company has a debt-to-equity ratio of 420.86, a quick ratio of 1.07 and a current ratio of 1.72. The company has a market capitalization of $13.44 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.85 and a beta of 1.22.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.23. Masco had a net margin of 9.73% and a negative return on equity of 403.37%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts predict that Masco Co. will post 3.6 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Friday, August 11th were paid a $0.285 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.14 annualized dividend and a dividend yield of 1.91%. Masco’s payout ratio is 32.20%.

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.