AE Wealth Management LLC Buys 12,005 Shares of Masco Corporation $MAS

AE Wealth Management LLC increased its position in shares of Masco Corporation (NYSE:MAS) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,049 shares of the construction company’s stock after acquiring an additional 12,005 shares during the period. AE Wealth Management LLC owned about 0.06% of Masco worth $8,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Masco by 6.6% in the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after purchasing an additional 1,780,673 shares during the period. Boston Partners raised its position in Masco by 16.3% in the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after buying an additional 810,881 shares during the last quarter. Geode Capital Management LLC grew its position in Masco by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock worth $339,391,000 after purchasing an additional 60,672 shares in the last quarter. Holocene Advisors LP increased its position in shares of Masco by 48.6% during the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after purchasing an additional 1,635,746 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Masco by 24.0% during the 3rd quarter. Nordea Investment Management AB now owns 4,104,852 shares of the construction company’s stock worth $286,396,000 after purchasing an additional 793,591 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAS shares. Barclays reiterated an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a research note on Monday, December 8th. Argus reduced their price objective on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $67.00 target price on shares of Masco in a research note on Friday, January 9th. Evercore ISI lowered their price objective on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Finally, Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Masco has a consensus rating of “Hold” and a consensus price target of $73.20.

Masco Trading Down 0.4%

Shares of MAS stock opened at $66.05 on Friday. The firm has a fifty day moving average price of $65.72 and a 200-day moving average price of $67.74. 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. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.20. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $80.71.

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