Donald L. Hagan LLC Cuts Stock Position in Masco Co. (NYSE:MAS)

Donald L. Hagan LLC reduced its position in Masco Co. (NYSE:MAS) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,834 shares of the construction company’s stock after selling 750 shares during the quarter. Donald L. Hagan LLC’s holdings in Masco were worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Masco during the 4th quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Masco during the 3rd quarter valued at approximately $38,000. Ashton Thomas Securities LLC bought a new position in Masco during the 3rd quarter valued at approximately $43,000. Venturi Wealth Management LLC raised its position in 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 purchasing an additional 222 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after purchasing an additional 148 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $85.00 price target (down previously from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and decreased their target price for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Loop Capital increased their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.27.

Masco Stock Up 1.8 %

Shares of NYSE:MAS opened at $81.12 on Friday. The stock has a fifty day simple moving average of $77.04 and a two-hundred day simple moving average of $78.38. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.39 and a beta of 1.25. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

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.