OLD National Bancorp IN Cuts Stock Position in Masco Co. (NYSE:MAS)

OLD National Bancorp IN cut its holdings in shares of Masco Co. (NYSE:MAS) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,208 shares of the construction company’s stock after selling 555 shares during the quarter. OLD National Bancorp IN’s holdings in Masco were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MAS. ORG Wealth Partners LLC bought a new stake in Masco in the fourth quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Masco in the 3rd quarter worth approximately $38,000. Ashton Thomas Securities LLC purchased a new position in Masco in the third quarter valued at approximately $43,000. Venturi Wealth Management LLC grew its holdings in Masco by 59.4% during the third 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 period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after buying an additional 148 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

Shares of MAS opened at $79.28 on Monday. 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. The company has a market cap of $17.10 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The stock has a 50-day moving average price of $77.04 and a 200-day moving average price of $78.51.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MAS shares. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and dropped their price objective for the company from $96.00 to $89.00 in a report on Monday, December 16th. Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research report on Friday, January 17th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group boosted their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Masco currently has an average rating of “Hold” and a consensus price target of $86.27.

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.