KBC Group NV Raises Holdings in Masco Co. (NYSE:MAS)

KBC Group NV boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,830 shares of the construction company's stock after purchasing an additional 338,925 shares during the quarter. KBC Group NV owned about 0.33% of Masco worth $51,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company's stock valued at $28,147,000 after purchasing an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC boosted its position in Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company's stock valued at $45,364,000 after purchasing an additional 96,415 shares in the last quarter. Versant Capital Management Inc boosted its position in Masco by 69.1% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company's stock valued at $112,000 after purchasing an additional 631 shares in the last quarter. Assetmark Inc. boosted its position in Masco by 139.9% during the third quarter. Assetmark Inc. now owns 1,262 shares of the construction company's stock valued at $106,000 after purchasing an additional 736 shares in the last quarter. Finally, Montecito Bank & Trust boosted its holdings in Masco by 125.4% in the third quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company's stock worth $989,000 after acquiring an additional 6,553 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MAS shares. Zelman & Associates raised Masco to a "strong-buy" rating in a report on Friday, January 17th. UBS Group raised their price target on Masco from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Truist Financial raised their price target on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Masco presently has a consensus rating of "Hold" and an average target price of $86.27.

Masco Stock Performance

MAS stock traded down $1.42 during trading on Tuesday, hitting $80.43. 1,490,596 shares of the company traded hands, compared to its average volume of 1,336,588. The stock's 50-day simple moving average is $76.84 and its 200 day simple moving average is $78.29. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The company has a market cap of $17.35 billion, a PE ratio of 21.39, a P/E/G ratio of 2.36 and a beta of 1.25. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts' consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. On average, equities analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal year.

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.