Thompson Investment Management Inc. Sells 644 Shares of Masco Co. (NYSE:MAS)

Thompson Investment Management Inc. lowered its holdings in Masco Co. (NYSE:MAS) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,337 shares of the construction company’s stock after selling 644 shares during the quarter. Thompson Investment Management Inc.’s holdings in Masco were worth $242,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Masco in the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in Masco in the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Masco in the third quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new position in Masco during the third quarter worth $43,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

MAS opened at $77.27 on Monday. The company has a fifty day moving average price of $76.70 and a two-hundred day moving average price of $78.70. The firm has a market capitalization of $16.67 billion, a PE ratio of 20.55, a P/E/G ratio of 2.09 and a beta of 1.25. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and cut their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Zelman & Associates raised Masco to a “strong-buy” rating in a report on Friday, January 17th. Evercore ISI raised their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective on the stock in a research note on Friday, January 10th. Nine investment 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. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus 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.