Ledyard National Bank Has $3.77 Million Stock Holdings in Masco Corporation (NYSE:MAS)

Ledyard National Bank grew its position in Masco Corporation (NYSE:MAS - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,214 shares of the construction company's stock after acquiring an additional 4,507 shares during the period. Ledyard National Bank's holdings in Masco were worth $3,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MAS. Global X Japan Co. Ltd. increased its holdings in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Masco during the fourth quarter valued at $42,000. GeoWealth Management LLC boosted its holdings in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after acquiring an additional 322 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after purchasing an additional 330 shares during the last quarter. Finally, South Plains Financial Inc. bought a new position in shares of Masco in the 4th quarter valued at about $70,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Up 1.4%

MAS stock traded up $0.87 during midday trading on Tuesday, hitting $63.82. The company's stock had a trading volume of 2,584,167 shares, compared to its average volume of 1,839,976. The company's fifty day moving average price is $62.65 and its 200 day moving average price is $69.73. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.09. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The stock has a market capitalization of $13.46 billion, a P/E ratio of 17.44, a PEG ratio of 2.33 and a beta of 1.20.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $0.93 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MAS shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Evercore ISI decreased their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday. Robert W. Baird decreased their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of "Hold" and an average target price of $73.63.

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.