Masco Co. (NYSE:MAS) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. increased its position in shares of Masco Co. (NYSE:MAS) by 85.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,146 shares of the construction company’s stock after acquiring an additional 6,975 shares during the period. Lecap Asset Management Ltd.’s holdings in Masco were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after buying an additional 128 shares during the last quarter. WCM Investment Management LLC increased its holdings in Masco by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after acquiring an additional 132 shares in the last quarter. Metis Global Partners LLC raised its position in Masco by 1.9% during the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock worth $590,000 after acquiring an additional 133 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after purchasing an additional 137 shares in the last quarter. Finally, Hills Bank & Trust Co grew its position in shares of Masco by 0.7% in the third quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock valued at $1,734,000 after purchasing an additional 144 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Performance

NYSE:MAS opened at $77.27 on Friday. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The firm’s 50 day moving average is $76.70 and its two-hundred day moving average is $78.59. The company has a market cap of $16.67 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.13 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on MAS shares. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, January 10th. Jefferies Financial Group cut Masco from a “buy” rating to a “hold” rating and cut their price target for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Truist Financial increased their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group boosted their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays decreased their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $86.04.

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.