Hantz Financial Services Inc. Lowers Stock Holdings in Masco Co. (NYSE:MAS)

Hantz Financial Services Inc. cut its holdings in Masco Co. (NYSE:MAS) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,559 shares of the construction company’s stock after selling 162 shares during the quarter. Hantz Financial Services Inc.’s holdings in Masco were worth $621,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in 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 worth $83,070,000 after acquiring an additional 895,950 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Masco by 21.0% during 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 in the last quarter. KBC Group NV raised its position in shares of Masco by 91.6% during the 4th quarter. KBC Group NV now owns 708,830 shares of the construction company’s stock worth $51,440,000 after purchasing an additional 338,925 shares during the last quarter. Barclays PLC lifted its stake in Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock valued at $74,192,000 after buying an additional 291,658 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Masco by 4,028.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,795 shares of the construction company’s stock worth $16,855,000 after buying an additional 195,931 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MAS shares. BMO Capital Markets increased their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial raised their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Barclays decreased their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Oppenheimer raised 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 note on Friday, January 10th. Nine 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.27.

Masco Stock Performance

NYSE MAS opened at $79.28 on Friday. The stock has a fifty day simple moving average of $77.04 and a 200-day simple moving average of $78.45. 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 $17.10 billion, a PE ratio of 21.09, a P/E/G ratio of 2.39 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

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

Masco 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.