Masco Co. (NYSE:MAS) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC grew its holdings in shares of Masco Co. (NYSE:MAS) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 85,872 shares of the construction company’s stock after buying an additional 2,827 shares during the period. Tectonic Advisors LLC’s holdings in Masco were worth $6,232,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in shares of Masco in the fourth quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Masco in the third quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new stake in shares of Masco in the third quarter valued at $43,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS stock opened at $77.23 on Wednesday. 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 Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The stock’s 50-day moving average is $76.88 and its two-hundred day moving average is $78.57. The firm has a market cap of $16.66 billion, a P/E ratio of 20.54, a PEG ratio of 2.13 and a beta of 1.25.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAS shares. Robert W. Baird cut their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and reduced their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. Finally, Barclays reduced their target price on Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Nine 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, Masco presently has an average rating of “Hold” and an average target price of $86.04.

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.