Brooklyn Investment Group Acquires 155 Shares of Masco Co. (NYSE:MAS)

Brooklyn Investment Group boosted its holdings in Masco Co. (NYSE:MAS) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,630 shares of the construction company’s stock after buying an additional 155 shares during the period. Brooklyn Investment Group’s holdings in Masco were worth $263,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in Masco during the fourth quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco during the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC acquired a new position in shares of Masco during the third quarter valued at about $43,000. Venturi Wealth Management LLC lifted its stake in shares of Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares during the period. Finally, Covestor Ltd grew its position in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 1.0 %

Shares of MAS opened at $78.29 on Friday. The business’s 50 day simple moving average is $76.79 and its 200-day simple moving average is $77.63. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The company has a market capitalization of $16.89 billion, a P/E ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, January 10th. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $96.00 to $89.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and an average target price of $86.27.

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.