SG Americas Securities LLC Cuts Stock Holdings in Masco Co. (NYSE:MAS)

SG Americas Securities LLC lowered its position in shares of Masco Co. (NYSE:MAS) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,541 shares of the construction company’s stock after selling 70,445 shares during the period. SG Americas Securities LLC’s holdings in Masco were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Masco by 1.9% in the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after purchasing an additional 194,297 shares during the last quarter. Nordea Investment Management AB raised its position in Masco by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after buying an additional 520,555 shares during the last quarter. Van ECK Associates Corp lifted its stake in Masco by 0.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after acquiring an additional 26,259 shares during the period. Empower Advisory Group LLC boosted its holdings in shares of Masco by 1.5% during the 3rd quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after acquiring an additional 14,870 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Masco by 956.3% in the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after acquiring an additional 895,950 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAS has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and lowered their price objective for the company from $96.00 to $89.00 in a research report on Monday, December 16th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lowered their target price on Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group boosted their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.27.

Masco Price Performance

Shares of NYSE:MAS opened at $81.12 on Friday. The company has a market capitalization of $17.50 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.36 and a beta of 1.25. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The firm’s 50 day simple moving average is $77.04 and its two-hundred day simple moving average is $78.38. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Masco’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

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.