Robeco Institutional Asset Management B.V. Sells 4,447 Shares of Masco Co. (NYSE:MAS)

Robeco Institutional Asset Management B.V. lowered its holdings in Masco Co. (NYSE:MAS) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,884 shares of the construction company’s stock after selling 4,447 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Masco were worth $17,191,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Masco by 956.3% during 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 during the period. Nordea Investment Management AB lifted its holdings in shares of Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares during the period. KBC Group NV lifted its holdings 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 acquiring an additional 338,925 shares during the period. Barclays PLC lifted its holdings in shares of Masco by 49.2% during the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after acquiring an additional 291,658 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Masco by 4,028.2% during 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 acquiring an additional 195,931 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Trading Down 2.2 %

Shares of NYSE MAS opened at $79.28 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a 52-week low of $63.81 and a 52-week high of $86.70. The firm has a 50 day moving average price of $77.04 and a two-hundred day moving average price of $78.45. The stock has a market cap of $17.10 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $1.00 earnings per share. Masco’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group upped their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.27.

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.