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

AE Wealth Management LLC increased its position in Masco Corporation (NYSE:MAS) by 11.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,049 shares of the construction company’s stock after buying an additional 12,005 shares during the period. AE Wealth Management LLC’s holdings in Masco were worth $8,169,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. FORA Capital LLC boosted its stake in shares of Masco by 203.9% during the 2nd quarter. FORA Capital LLC now owns 35,603 shares of the construction company’s stock worth $2,291,000 after purchasing an additional 23,887 shares during the period. World Investment Advisors lifted its stake in Masco by 819.8% in the third quarter. World Investment Advisors now owns 54,745 shares of the construction company’s stock worth $3,853,000 after purchasing an additional 48,793 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Masco by 33.4% during the third quarter. CWA Asset Management Group LLC now owns 62,922 shares of the construction company’s stock valued at $4,429,000 after buying an additional 15,770 shares during the period. Voya Financial Advisors Inc. bought a new position in shares of Masco during the third quarter valued at approximately $1,245,000. Finally, Generali Asset Management SPA SGR raised its holdings in shares of Masco by 1,051.8% in the third quarter. Generali Asset Management SPA SGR now owns 16,517 shares of the construction company’s stock worth $1,163,000 after buying an additional 15,083 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Down 0.4%

Shares of NYSE:MAS opened at $66.05 on Friday. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. The firm’s 50 day moving average price is $65.72 and its 200 day moving average price is $67.74. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $80.71.

Masco (NYSE:MAS) last released its quarterly earnings data 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). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $1.08 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MAS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research report on Thursday, January 22nd. Vertical Research initiated coverage on shares of Masco in a research note on Monday, October 20th. They set a “hold” rating for the company. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Barclays reissued an “equal weight” rating and issued a $71.00 price target (down previously from $76.00) on shares of Masco in a report on Monday, December 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $67.00 price objective on shares of Masco in a report on Friday, January 9th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of “Hold” and an average target price of $73.20.

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.