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

Twin City Private Wealth LLC bought a new stake in Masco Corporation (NYSE:MAS) during the third quarter, HoldingsChannel reports. The institutional investor bought 10,069 shares of the construction company’s stock, valued at approximately $709,000.

Several other hedge funds also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Masco in the second quarter valued at $28,000. Headlands Technologies LLC lifted its holdings in Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares in the last quarter. Caldwell Trust Co purchased a new position in Masco in the 2nd quarter valued at about $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Masco during the 2nd quarter worth about $37,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Masco during the second quarter worth about $40,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 0.4%

Shares of MAS opened at $66.05 on Friday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $80.71. The firm has a market capitalization of $13.72 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. The stock’s fifty day simple moving average is $65.72 and its 200 day simple moving average is $67.74.

Masco (NYSE:MAS) last announced its quarterly earnings results 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 analyst estimates of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAS. Wells Fargo & Company upped their price objective on shares of Masco from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Citigroup decreased their price objective on Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Vertical Research started coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating for the company. Barclays reiterated an “equal weight” rating and set a $71.00 target price (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Finally, Argus lowered their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.20.

About Masco

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.