Benjamin Edwards Inc. Has $10.07 Million Holdings in Masco Co. (NYSE:MAS)

Benjamin Edwards Inc. lifted its position in Masco Co. (NYSE:MAS) by 1,001.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,930 shares of the construction company’s stock after buying an additional 109,040 shares during the quarter. Benjamin Edwards Inc.’s holdings in Masco were worth $10,067,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Masco during the second quarter worth approximately $25,000. Family Firm Inc. bought a new position in shares of Masco during the 2nd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Masco in the 3rd quarter valued at $38,000. Finally, LRI Investments LLC lifted its holdings in Masco by 850.8% during the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after purchasing an additional 536 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Masco

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

Masco Trading Down 0.1 %

Shares of MAS opened at $80.51 on Tuesday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a 52-week low of $61.82 and a 52-week high of $86.70. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.61 and a beta of 1.23. The business’s fifty day moving average is $81.66 and its 200-day moving average is $75.82.

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 for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Equities analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio is 30.85%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Loop Capital upped their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial boosted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $85.96.

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.