Janney Montgomery Scott LLC Purchases 634 Shares of Masco Co. (NYSE:MAS)

Janney Montgomery Scott LLC increased its stake in shares of Masco Co. (NYSE:MAS) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,654 shares of the construction company’s stock after acquiring an additional 634 shares during the period. Janney Montgomery Scott LLC’s holdings in Masco were worth $846,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Masco by 20.6% in the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock valued at $28,147,000 after purchasing an additional 56,626 shares during the last quarter. Seizert Capital Partners LLC raised its position in shares of Masco by 21.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after buying an additional 96,415 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Masco by 69.1% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after acquiring an additional 631 shares during the period. Assetmark Inc. increased its stake in shares of Masco by 139.9% in the 3rd quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock valued at $106,000 after purchasing an additional 736 shares during the last quarter. Finally, Montecito Bank & Trust raised its stake in Masco by 125.4% during the third quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company’s stock worth $989,000 after acquiring an additional 6,553 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the topic of a number of research reports. Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $79.00 to $80.00 in a report on Wednesday, October 30th. Truist Financial raised their price target 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 decreased their target price on Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup reduced their target price on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.04.

Masco Stock Down 0.5 %

MAS stock opened at $77.39 on Friday. The stock’s fifty day simple moving average is $76.77 and its two-hundred day simple moving average is $78.56. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a market cap of $16.70 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.13 and a beta of 1.25. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70.

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.