Masco Co. (NYSE:MAS) Holdings Reduced by Yacktman Asset Management LP

Yacktman Asset Management LP cut its holdings in shares of Masco Co. (NYSE:MASFree Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,914 shares of the construction company’s stock after selling 13,541 shares during the period. Yacktman Asset Management LP owned approximately 0.14% of Masco worth $21,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAS. State Street Corp lifted its position in Masco by 1.9% in the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after purchasing an additional 194,297 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after buying an additional 520,555 shares during the period. Van ECK Associates Corp boosted its stake in Masco by 0.9% during the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares in the last quarter. Empower Advisory Group LLC grew its holdings in Masco by 1.5% during the third quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock worth $83,600,000 after acquiring an additional 14,870 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Masco by 956.3% in the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after acquiring an additional 895,950 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MAS. Robert W. Baird dropped their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI increased their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Zelman & Associates raised Masco to a “strong-buy” rating in a research note on Friday, January 17th. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.04.

View Our Latest Stock Report on MAS

Masco Trading Up 0.3 %

Shares of NYSE MAS opened at $77.50 on Tuesday. The business has a 50 day simple moving average of $76.64 and a 200 day simple moving average of $78.71. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MASGet Free Report) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. On average, research analysts predict that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Profile

(Free Report)

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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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