Atomi Financial Group Inc. Has $800,000 Stock Holdings in Masco Co. (NYSE:MAS)

Atomi Financial Group Inc. increased its position in Masco Co. (NYSE:MAS) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,022 shares of the construction company’s stock after purchasing an additional 579 shares during the quarter. Atomi Financial Group Inc.’s holdings in Masco were worth $800,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Union Savings Bank lifted its holdings in Masco by 29.2% in the fourth quarter. Union Savings Bank now owns 969 shares of the construction company’s stock valued at $70,000 after buying an additional 219 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Masco by 26.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after purchasing an additional 148 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Masco by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,708 shares of the construction company’s stock worth $414,000 after purchasing an additional 439 shares during the period. Kera Capital Partners Inc. bought a new stake in Masco in the fourth quarter valued at about $265,000. Finally, Trust Co. of Vermont boosted its holdings in Masco by 17.6% during the fourth quarter. Trust Co. of Vermont now owns 3,000 shares of the construction company’s stock worth $218,000 after buying an additional 450 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. Robert W. Baird cut their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price objective (down previously from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, January 10th. Finally, Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.27.

Masco Price Performance

NYSE MAS opened at $78.59 on Thursday. The firm’s 50 day moving average is $76.72 and its 200-day moving average is $77.92. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $16.96 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.25. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. Equities research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco’s dividend payout ratio is 30.85%.

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.