Birch Hill Investment Advisors LLC Has $4.58 Million Stock Position in Masco Co. (NYSE:MAS)

Birch Hill Investment Advisors LLC cut its holdings in shares of Masco Co. (NYSE:MAS) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,065 shares of the construction company’s stock after selling 3,735 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Masco were worth $4,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in shares of Masco by 1.9% in the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after purchasing an additional 194,297 shares during the last quarter. Nordea Investment Management AB grew its holdings in Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after buying an additional 520,555 shares in the last quarter. Van ECK Associates Corp raised its position in Masco by 0.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares during the last quarter. Empower Advisory Group LLC lifted its stake in Masco by 1.5% during the 3rd quarter. Empower Advisory Group LLC now owns 995,950 shares of the construction company’s stock valued at $83,600,000 after acquiring an additional 14,870 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Masco by 956.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 989,640 shares of the construction company’s stock worth $83,070,000 after acquiring an additional 895,950 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 0.2 %

Masco stock opened at $77.27 on Friday. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 2.09 and a beta of 1.25. The firm has a 50 day simple moving average of $76.70 and a 200 day simple moving average of $78.64. Masco Co. has a 1-year low of $63.81 and a 1-year high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Analysts Set New Price Targets

Several brokerages have recently commented on MAS. Citigroup lowered their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Evercore ISI lifted their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. 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 note on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Loop Capital boosted their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.04.

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.