10,069 Shares in Masco Corporation $MAS Purchased by Twin City Private Wealth LLC

Twin City Private Wealth LLC purchased a new stake in Masco Corporation (NYSE:MAS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,069 shares of the construction company’s stock, valued at approximately $709,000.

Other hedge funds also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Masco during the second quarter worth $28,000. Headlands Technologies LLC raised its position in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Masco in the 2nd quarter worth $37,000. Caldwell Trust Co acquired a new stake in shares of Masco in the 2nd quarter worth $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Masco in the second quarter valued at about $40,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MAS shares. Barclays reiterated an “equal weight” rating and set a $71.00 price target (down from $76.00) on shares of Masco in a research note on Monday, December 8th. Argus dropped their target price on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $67.00 price target on shares of Masco in a report on Friday, January 9th. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Vertical Research began coverage on Masco in a report on Monday, October 20th. They set a “hold” rating on the stock. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.20.

Masco Stock Down 0.4%

MAS opened at $66.05 on Friday. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.69 and a beta of 1.28. Masco Corporation has a one year low of $56.55 and a one year high of $80.71. The business’s fifty day moving average is $65.72 and its two-hundred day moving average is $67.74.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. Analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.