First Horizon Advisors Inc. Has $105,000 Stock Position in Masco Co. (NYSE:MAS)

First Horizon Advisors Inc. increased its stake in Masco Co. (NYSE:MAS) by 450.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,564 shares of the construction company’s stock after acquiring an additional 1,280 shares during the quarter. First Horizon Advisors Inc.’s holdings in Masco were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Masco by 8,366.0% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 64,765 shares of the construction company’s stock worth $3,815,000 after purchasing an additional 64,000 shares in the last quarter. Bridgewater Associates LP increased its holdings in Masco by 5.6% in the second quarter. Bridgewater Associates LP now owns 275,764 shares of the construction company’s stock worth $16,245,000 after purchasing an additional 14,713 shares in the last quarter. Carnegie Capital Asset Management LLC increased its holdings in Masco by 26.6% in the third quarter. Carnegie Capital Asset Management LLC now owns 92,883 shares of the construction company’s stock worth $5,161,000 after purchasing an additional 19,517 shares in the last quarter. National Asset Management Inc. bought a new stake in Masco in the second quarter worth approximately $510,000. Finally, Metropolitan Life Insurance Co NY increased its holdings in Masco by 117,911.5% in the second quarter. Metropolitan Life Insurance Co NY now owns 30,683 shares of the construction company’s stock worth $1,808,000 after purchasing an additional 30,657 shares in the last quarter. 91.44% of the stock is currently owned by institutional investors.

In other Masco news, CAO John P. Lindow sold 9,430 shares of the business’s stock in a transaction on Wednesday, December 29th. The stock was sold at an average price of $70.00, for a total value of $660,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard A. O’reagan sold 43,500 shares of the business’s stock in a transaction on Wednesday, October 27th. The stock was sold at an average price of $64.81, for a total value of $2,819,235.00. The disclosure for this sale can be found here. In the last three months, insiders sold 119,939 shares of company stock worth $7,834,920. Insiders own 1.20% of the company’s stock.

Shares of NYSE:MAS opened at $67.28 on Friday. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.05 and a beta of 1.33. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 29.21. Masco Co. has a 12-month low of $51.97 and a 12-month high of $71.06. The business’s 50 day moving average is $67.78 and its 200 day moving average is $62.43.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 27th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.11. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Masco had a return on equity of 480.10% and a net margin of 5.76%. Masco’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, equities research analysts expect that Masco Co. will post 3.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Friday, November 12th were given a $0.235 dividend. The ex-dividend date was Wednesday, November 10th. This represents a $0.94 annualized dividend and a yield of 1.40%. Masco’s dividend payout ratio is currently 51.37%.

MAS has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Masco from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 28th. Truist Securities boosted their price objective on Masco from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 5th. Wells Fargo & Company boosted their price objective on Masco from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. TheStreet upgraded Masco from a “c+” rating to a “b” rating in a report on Wednesday, October 27th. Finally, Loop Capital boosted their price objective on Masco from $60.00 to $67.00 and gave the company a “hold” rating in a report on Thursday, October 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Masco currently has a consensus rating of “Buy” and an average target price of $74.17.

Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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