Janney Montgomery Scott LLC Increases Stock Holdings in Masco Co. (NYSE:MAS)

Janney Montgomery Scott LLC raised its position in Masco Co. (NYSE:MAS) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,654 shares of the construction company’s stock after buying an additional 634 shares during the period. Janney Montgomery Scott LLC’s holdings in Masco were worth $846,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MAS shares. JPMorgan Chase & Co. raised their price objective on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Zelman & Associates upgraded shares of Masco to a “strong-buy” rating in a report on Friday, January 17th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Evercore ISI raised their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $86.04.

Masco Stock Down 0.5 %

NYSE:MAS opened at $77.39 on Friday. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. 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 $16.70 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.13 and a beta of 1.25. The stock’s fifty day simple moving average is $76.77 and its 200-day simple moving average is $78.56.

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.