Ferguson Wellman Capital Management Inc. Has $17.16 Million Stock Position in Masco Co. (NYSE:MAS)

Ferguson Wellman Capital Management Inc. lowered its stake in shares of Masco Co. (NYSE:MAS) by 0.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 246,716 shares of the construction company’s stock after selling 223 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.12% of Masco worth $17,157,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MAS. Golden State Wealth Management LLC bought a new position in Masco during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in shares of Masco in the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in Masco during the 4th quarter worth $42,000. GeoWealth Management LLC lifted its stake in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after acquiring an additional 322 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock valued at $56,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MAS. UBS Group reissued a “buy” rating and issued a $80.00 price target (down previously from $91.00) on shares of Masco in a research note on Thursday, April 24th. Loop Capital set a $62.00 price objective on Masco and gave the stock a “hold” rating in a report on Thursday, April 24th. Jefferies Financial Group decreased their target price on shares of Masco from $64.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Truist Financial lowered their price target on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company upped their target price on shares of Masco from $65.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Masco currently has a consensus rating of “Hold” and an average target price of $73.63.

Masco Stock Performance

Shares of NYSE:MAS opened at $63.83 on Thursday. The company’s 50 day simple moving average is $62.58 and its 200 day simple moving average is $70.92. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. Masco’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, research analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, May 23rd. Masco’s dividend payout ratio (DPR) is currently 33.88%.

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.