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

Harbour Trust & Investment Management Co boosted its holdings in shares of Masco Co. (NYSE:MAS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,367 shares of the construction company’s stock after purchasing an additional 2,005 shares during the period. 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 large investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Masco by 956.3% during the third quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock valued at $83,070,000 after acquiring an additional 895,950 shares during the period. Nordea Investment Management AB grew its position in Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after purchasing an additional 520,555 shares in the last quarter. KBC Group NV lifted its holdings in shares of Masco by 91.6% in the fourth quarter. KBC Group NV now owns 708,830 shares of the construction company’s stock valued at $51,440,000 after purchasing an additional 338,925 shares in the last quarter. Barclays PLC boosted its position in shares of Masco by 49.2% in the third quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after buying an additional 291,658 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Masco by 4,028.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,795 shares of the construction company’s stock valued at $16,855,000 after buying an additional 195,931 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on MAS. BMO Capital Markets raised their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Robert W. Baird lowered their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI raised their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Nine 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. Based on data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target of $86.04.

Masco Stock Performance

NYSE:MAS opened at $77.27 on Monday. The firm has a market capitalization 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. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The firm has a 50-day moving average price of $76.70 and a 200 day moving average price of $78.70.

About Masco

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.