WCM Investment Management LLC Has $3.10 Million Position in Masco Co. (NYSE:MAS)

WCM Investment Management LLC cut its holdings in shares of Masco Co. (NYSE:MAS) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,707 shares of the construction company’s stock after selling 2,233 shares during the period. WCM Investment Management LLC’s holdings in Masco were worth $3,097,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after purchasing an additional 56,626 shares during the period. Seizert Capital Partners LLC lifted its holdings in Masco by 21.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock worth $45,364,000 after buying an additional 96,415 shares during the period. Foster Victor Wealth Advisors LLC grew its position in shares of Masco by 6.6% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company’s stock valued at $17,135,000 after buying an additional 13,568 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Masco by 69.1% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock valued at $112,000 after buying an additional 631 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Masco by 139.9% during the third quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock worth $106,000 after acquiring an additional 736 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MAS. Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Barclays decreased their price objective on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. BMO Capital Markets boosted their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Nine 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.04.

Masco Price Performance

Shares of NYSE:MAS opened at $77.27 on Monday. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70. The stock’s 50 day moving average is $76.70 and its 200-day moving average is $78.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.09 and a beta of 1.25.

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.