Hennion & Walsh Asset Management Inc. Purchases New Holdings in Masco Co. (NYSE:MAS)

Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Masco Co. (NYSE:MAS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,936 shares of the construction company’s stock, valued at approximately $330,000.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in Masco by 14.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after purchasing an additional 67,806 shares during the last quarter. Quantbot Technologies LP bought a new stake in Masco in the first quarter valued at approximately $1,903,000. Manning & Napier Advisors LLC bought a new stake in Masco in the second quarter valued at approximately $82,363,000. Vanguard Group Inc. raised its stake in Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Masco by 119.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after buying an additional 157,711 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAS shares. Barclays upped their price objective on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Jefferies Financial Group upped their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial upped their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird increased their target price on Masco from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.75.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Masco Trading Down 0.5 %

Shares of NYSE:MAS opened at $81.30 on Wednesday. The company has a market capitalization of $17.91 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.78 and a beta of 1.24. Masco Co. has a 1 year low of $50.98 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The business’s 50 day simple moving average is $81.52 and its 200 day simple moving average is $74.41.

About Masco

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.