Ledyard National Bank Raises Stock Holdings in Masco Co. (NYSE:MAS)

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

A number of other institutional investors have also modified their holdings of MAS. ORG Wealth Partners LLC purchased a new position in Masco during the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the third quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new position in shares of Masco during the third quarter worth about $43,000. Venturi Wealth Management LLC increased its position in Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after acquiring an additional 148 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Shares of NYSE:MAS opened at $77.39 on Friday. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The business’s 50 day simple moving average is $76.77 and its 200-day simple moving average is $78.56. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Analyst Ratings Changes

MAS has been the topic of several analyst reports. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a research note on Friday, January 10th. Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Loop Capital boosted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.04.

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.