Masco Co. (NYSE:MAS) Shares Bought by Ledyard National Bank

Ledyard National Bank grew its holdings in Masco Co. (NYSE:MAS) by 90.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,707 shares of the construction company’s stock after purchasing an additional 23,560 shares during the quarter. Ledyard National Bank’s holdings in Masco were worth $3,607,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock valued at $864,103,000 after buying an additional 194,297 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after acquiring an additional 520,555 shares during the last quarter. Van ECK Associates Corp increased its position in Masco by 0.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock worth $241,825,000 after purchasing an additional 26,259 shares in the last quarter. Empower Advisory Group LLC raised its stake in Masco by 1.5% in the 3rd quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after purchasing an additional 14,870 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after purchasing an additional 895,950 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on MAS. Barclays lowered their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and cut their price target for the company from $96.00 to $89.00 in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird reduced their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.04.

Masco Stock Down 0.5 %

MAS opened at $77.39 on Friday. The firm has a 50 day moving average price of $76.77 and a 200 day moving average price of $78.56. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The company has a market cap of $16.70 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25.

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.