Forsta AP Fonden raised its position in shares of Masco Co. (NYSE:MAS – Free Report) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,300 shares of the construction company’s stock after purchasing an additional 32,500 shares during the quarter. Forsta AP Fonden’s holdings in Masco were worth $7,496,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in Masco by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 8,515 shares of the construction company’s stock worth $568,000 after acquiring an additional 3,584 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Masco by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,547 shares of the construction company’s stock worth $8,904,000 after purchasing an additional 359 shares during the last quarter. Creative Planning raised its holdings in shares of Masco by 1.4% in the 2nd quarter. Creative Planning now owns 52,092 shares of the construction company’s stock worth $3,473,000 after purchasing an additional 726 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Masco by 3.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,870 shares of the construction company’s stock valued at $458,000 after purchasing an additional 251 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in Masco by 6.5% during the second quarter. Truist Financial Corp now owns 61,263 shares of the construction company’s stock worth $4,084,000 after buying an additional 3,724 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on MAS. Robert W. Baird dropped their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI upped their target price on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays dropped their price target on Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Truist Financial upped their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research report on Friday, January 17th. Nine investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.27.
Masco Price Performance
MAS opened at $81.12 on Friday. 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 Co. has a 1 year low of $63.81 and a 1 year high of $86.70. The stock has a fifty day moving average price of $77.04 and a 200 day moving average price of $78.38. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.36 and a beta of 1.25.
Masco (NYSE:MAS – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. Analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.
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.
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