Private Trust Co. NA Boosts Holdings in Masco Co. (NYSE:MAS)

Private Trust Co. NA lifted its stake in shares of Masco Co. (NYSE:MAS) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,854 shares of the construction company’s stock after purchasing an additional 210 shares during the period. Private Trust Co. NA’s holdings in Masco were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MAS. New Covenant Trust Company N.A. acquired a new position in shares of Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Masco during the second quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Masco in the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Masco during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Loop Capital boosted their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Robert W. Baird dropped their price target on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Evercore ISI boosted their price objective on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.96.

Masco Price Performance

Masco stock opened at $80.41 on Thursday. The company’s 50 day moving average is $81.77 and its two-hundred day moving average is $75.63. The firm has a market cap of $17.35 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a 52-week low of $58.91 and a 52-week high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. On average, research analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.44%. Masco’s dividend payout ratio (DPR) is 30.85%.

Insider Buying and Selling

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

About Masco

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.