KBC Group NV Grows Stock Position in Masco Co. (NYSE:MAS)

KBC Group NV boosted its stake in shares of Masco Co. (NYSE:MAS) by 91.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 708,830 shares of the construction company’s stock after acquiring an additional 338,925 shares during the quarter. KBC Group NV owned 0.33% of Masco worth $51,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MAS. Assenagon Asset Management S.A. grew its position in shares of Masco by 956.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after buying an additional 895,950 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after acquiring an additional 520,555 shares in the last quarter. Barclays PLC raised its holdings in Masco by 49.2% in the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company’s stock worth $74,192,000 after purchasing an additional 291,658 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Masco by 89.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock valued at $38,642,000 after purchasing an additional 273,718 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of 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.

Masco Stock Up 3.3 %

Masco stock opened at $81.84 on Tuesday. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.36 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 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 stock has a fifty day simple moving average of $76.84 and a two-hundred day simple moving average of $78.29.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) 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 firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $1.00 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts predict that Masco Co. will post 4.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAS. Evercore ISI lifted their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Zelman & Associates raised Masco to a “strong-buy” rating in a research note on Friday, January 17th. Truist Financial raised their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays reduced their target price on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research report on Friday, January 10th. Nine investment 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 currently has an average rating of “Hold” and a consensus target price of $86.27.

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.