Masco Co. (NYSE:MAS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in Masco Co. (NYSE:MAS) by 64.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,996 shares of the construction company’s stock after selling 97,308 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Masco were worth $4,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAS. New Covenant Trust Company N.A. acquired a new position in Masco during the first quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of Masco in the 2nd quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Masco in the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV boosted its stake in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after buying an additional 179 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Up 0.5 %

Shares of NYSE:MAS opened at $81.67 on Tuesday. The firm has a 50 day simple moving average of $81.43 and a 200-day simple moving average of $74.35. Masco Co. has a twelve month low of $50.98 and a twelve month high of $86.70. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The company has a market capitalization of $17.82 billion, a PE ratio of 19.97, a P/E/G ratio of 2.78 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAS. Citigroup lowered their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Barclays upped their price target on Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their price objective on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Masco presently has an average rating of “Moderate Buy” and a consensus target price of $81.75.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.