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

Benjamin Edwards Inc. boosted its holdings in Masco Co. (NYSE:MAS - Free Report) by 1,001.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,930 shares of the construction company's stock after buying an additional 109,040 shares during the quarter. Benjamin Edwards Inc. owned 0.06% of Masco worth $10,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of Masco in the 2nd quarter valued at $82,363,000. Assenagon Asset Management S.A. lifted its position in shares of 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 acquiring an additional 895,950 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock worth $121,581,000 after purchasing an additional 728,690 shares during the period. Bank of Montreal Can grew its position in Masco by 86.5% during the 2nd quarter. Bank of Montreal Can now owns 634,740 shares of the construction company's stock worth $42,318,000 after purchasing an additional 294,409 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Masco by 89.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company's stock valued at $38,642,000 after purchasing an additional 273,718 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Loop Capital lifted their price target on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. UBS Group lifted their target price on Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. 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 report on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Masco from $78.00 to $82.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird decreased their target price on shares of Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Masco currently has a consensus rating of "Hold" and an average price target of $85.96.

Masco Stock Performance

Masco stock traded up $0.32 on Tuesday, reaching $80.82. 259,596 shares of the stock were exchanged, compared to its average volume of 1,780,930. The stock has a market cap of $17.44 billion, a PE ratio of 21.35, a PEG ratio of 2.61 and a beta of 1.23. The firm has a fifty day moving average price of $81.62 and a two-hundred day moving average price of $75.89. Masco Co. has a twelve month low of $61.82 and a twelve month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) 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 analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company's revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. Sell-side analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given 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 is 30.85%.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value 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 document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Masco 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.