Masco Co. (NYSE:MAS) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC trimmed its position in shares of Masco Co. (NYSE:MAS) by 12.2% in the fourth quarter, HoldingsChannel reports. The firm owned 3,669 shares of the construction company’s stock after selling 508 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Masco were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Masco by 60.4% during the fourth quarter. Pacer Advisors Inc. now owns 25,953 shares of the construction company’s stock valued at $1,883,000 after buying an additional 9,777 shares during the last quarter. KBC Group NV grew its holdings in Masco by 91.6% in the 4th quarter. KBC Group NV now owns 708,830 shares of the construction company’s stock worth $51,440,000 after buying an additional 338,925 shares in the last quarter. Blue Trust Inc. increased its position in Masco by 52.9% in the 4th quarter. Blue Trust Inc. now owns 4,033 shares of the construction company’s stock valued at $293,000 after acquiring an additional 1,396 shares during the period. Montecito Bank & Trust raised its stake in Masco by 10.7% during the 4th quarter. Montecito Bank & Trust now owns 13,037 shares of the construction company’s stock valued at $946,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Secure Asset Management LLC boosted its position in Masco by 11.9% during the 4th quarter. Secure Asset Management LLC now owns 6,134 shares of the construction company’s stock worth $445,000 after acquiring an additional 651 shares during the period. Institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAS. Evercore ISI lifted their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Zelman & Associates upgraded Masco to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and lowered their price target for the company from $96.00 to $89.00 in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $86.27.

Masco Trading Down 0.8 %

Masco stock opened at $79.78 on Thursday. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The stock has a market cap of $17.21 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.36 and a beta of 1.25. The company’s fifty day simple moving average is $76.98 and its 200-day simple moving average is $78.37.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

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.