Deroy & Devereaux Private Investment Counsel Inc. Purchases 5,074 Shares of Masco Co. (NYSE:MAS)

Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Masco Co. (NYSE:MAS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 415,299 shares of the construction company’s stock after purchasing an additional 5,074 shares during the period. Masco makes up 1.7% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 21st biggest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Masco were worth $30,138,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MAS. The Manufacturers Life Insurance Company increased its position in shares of Masco by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 133,547 shares of the construction company’s stock worth $8,904,000 after purchasing an additional 359 shares during the period. Creative Planning grew its position in Masco by 1.4% in the second quarter. Creative Planning now owns 52,092 shares of the construction company’s stock valued at $3,473,000 after acquiring an additional 726 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Masco by 3.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 6,870 shares of the construction company’s stock valued at $458,000 after acquiring an additional 251 shares during the last quarter. Truist Financial Corp grew its position in Masco by 6.5% in the second quarter. Truist Financial Corp now owns 61,263 shares of the construction company’s stock valued at $4,084,000 after acquiring an additional 3,724 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Masco by 9.3% in the second quarter. Cetera Investment Advisers now owns 31,846 shares of the construction company’s stock valued at $2,123,000 after acquiring an additional 2,698 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a research report on Friday, January 10th. Barclays decreased their target price on Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Citigroup cut their price target on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Zelman & Associates raised Masco to a “strong-buy” rating in a research note on Friday, January 17th. Finally, UBS Group lifted 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 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.27.

Masco Trading Down 2.2 %

Shares of MAS stock opened at $79.28 on Friday. The company has a market cap of $17.10 billion, a P/E ratio of 21.09, a PEG ratio of 2.39 and a beta of 1.25. The stock has a 50 day simple moving average of $77.04 and a two-hundred day simple moving average of $78.47. 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 Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70.

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.