Masco Co. (NYSE:MAS) Shares Bought by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co grew its holdings in Masco Co. (NYSE:MAS) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,367 shares of the construction company’s stock after buying an additional 2,005 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Masco were worth $4,889,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after purchasing an additional 128 shares in the last quarter. WCM Investment Management LLC boosted its holdings in Masco by 0.3% during the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after buying an additional 132 shares in the last quarter. Metis Global Partners LLC grew its position in Masco by 1.9% during the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after buying an additional 133 shares during the period. Empirical Finance LLC increased its holdings in Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after buying an additional 137 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its position in shares of Masco by 0.7% during the 3rd quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock valued at $1,734,000 after acquiring an additional 144 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Down 0.2 %

Shares of NYSE:MAS opened at $77.27 on Monday. The company has a fifty day simple moving average of $76.70 and a 200 day simple moving average of $78.70. The firm has a market cap of $16.67 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. 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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAS. BMO Capital Markets raised their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Citigroup decreased their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group lifted their target price 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. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and lowered their price target for the company from $96.00 to $89.00 in a research report on Monday, December 16th. Finally, Zelman & Associates upgraded Masco to a “strong-buy” rating in a research report on Friday, January 17th. Nine investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.04.

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.