SG Americas Securities LLC Cuts Stake in Masco Co. (NYSE:MAS)

SG Americas Securities LLC lessened its stake in Masco Co. (NYSE:MASFree Report) by 88.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,541 shares of the construction company’s stock after selling 70,445 shares during the quarter. SG Americas Securities LLC’s holdings in Masco were worth $692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. Assenagon Asset Management S.A. increased its holdings in Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after acquiring an additional 895,950 shares during the last quarter. Nordea Investment Management AB increased 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 worth $218,063,000 after purchasing an additional 520,555 shares during the last quarter. Barclays PLC lifted its position in shares of Masco by 49.2% in the third quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after buying an additional 291,658 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Masco by 4,028.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,795 shares of the construction company’s stock valued at $16,855,000 after buying an additional 195,931 shares during the last quarter. Finally, State Street Corp grew its holdings in Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock valued at $864,103,000 after buying an additional 194,297 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of research reports. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, January 10th. Truist Financial boosted their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lowered their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, BMO Capital Markets upped their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.27.

Check Out Our Latest Analysis on Masco

Masco Price Performance

MAS opened at $81.12 on Friday. The business has a fifty day moving average of $77.04 and a 200 day moving average of $78.38. The stock has a market cap of $17.50 billion, a P/E ratio of 21.57, a PEG ratio of 2.36 and a beta of 1.25. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a 52-week low of $63.81 and a 52-week high of $86.70.

Masco (NYSE:MASGet Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion during 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 business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share. As a group, sell-side analysts anticipate that Masco Co. will post 4.09 EPS for the current 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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