Yacktman Asset Management LP Sells 13,541 Shares of Masco Co. (NYSE:MAS)

Yacktman Asset Management LP decreased its position in shares of Masco Co. (NYSE:MAS) by 4.4% in the fourth quarter, Holdings Channel reports. The fund owned 296,914 shares of the construction company’s stock after selling 13,541 shares during the period. Yacktman Asset Management LP’s holdings in Masco were worth $21,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MAS. Golden State Wealth Management LLC acquired a new position in shares of Masco during the 4th quarter worth about $27,000. ORG Wealth Partners LLC bought a new position in Masco in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter worth approximately $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco in the third quarter valued at approximately $43,000. Finally, Venturi Wealth Management LLC grew its stake 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 worth $50,000 after acquiring an additional 222 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Up 0.3 %

Shares of NYSE:MAS opened at $77.50 on Tuesday. 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 firm has a market cap of $16.72 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.09 and a beta of 1.25. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The company’s 50-day moving average price is $76.64 and its two-hundred day moving average price is $78.71.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. As a group, research analysts forecast that Masco Co. will post 4.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MAS. UBS Group upped 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. Robert W. Baird reduced their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. 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. Finally, Loop Capital boosted their price objective on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus 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.