Masco Co. (NYSE:MAS) Position Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Masco Co. (NYSE:MAS) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 24,084 shares of the construction company’s stock after buying an additional 525 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Masco were worth $1,748,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MAS. ORG Wealth Partners LLC bought a new position in Masco in the 4th quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth approximately $38,000. Ashton Thomas Securities LLC bought a new position in Masco in the 3rd quarter worth approximately $43,000. Venturi Wealth Management LLC increased its position in Masco by 59.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares during the period. Finally, Covestor Ltd increased its position in Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. 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 report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI upped their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.04.

Masco Trading Up 0.3 %

Masco stock opened at $77.50 on Tuesday. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70. The firm’s 50 day moving average price is $76.64 and its two-hundred day moving average price is $78.71. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. 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 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.