Masco Co. (NYSE:MAS) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in Masco Co. (NYSE:MAS) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,503 shares of the construction company’s stock after selling 528 shares during the period. Exchange Traded Concepts LLC’s holdings in Masco were worth $182,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAS. ORG Wealth Partners LLC purchased a new stake in shares of Masco in the fourth quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in Masco in the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new stake in Masco in the 3rd quarter valued at about $43,000. Venturi Wealth Management LLC increased its stake in shares of Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after acquiring an additional 148 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MAS. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 target price (down from $92.00) on shares of Masco in a report on Tuesday, December 17th. BMO Capital Markets boosted their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. UBS Group increased their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays lowered their price target on Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Truist Financial raised their price objective 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.27.

Masco Stock Down 2.2 %

NYSE MAS opened at $79.28 on Friday. The stock has a market cap of $17.10 billion, a PE ratio of 21.09, a P/E/G ratio of 2.39 and a beta of 1.25. The business has a 50 day moving average price of $77.04 and a two-hundred day moving average price of $78.47. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. 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 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.