New England Research & Management Inc. Sells 3,275 Shares of Masco Co. (NYSE:MAS)

New England Research & Management Inc. lowered its position in Masco Co. (NYSE:MAS - Free Report) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the construction company's stock after selling 3,275 shares during the quarter. New England Research & Management Inc.'s holdings in Masco were worth $1,597,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in Masco by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 8,515 shares of the construction company's stock worth $568,000 after buying an additional 3,584 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Masco by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,547 shares of the construction company's stock valued at $8,904,000 after acquiring an additional 359 shares in the last quarter. Creative Planning increased its stake in Masco by 1.4% in the second quarter. Creative Planning now owns 52,092 shares of the construction company's stock valued at $3,473,000 after acquiring an additional 726 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Masco by 3.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,870 shares of the construction company's stock valued at $458,000 after purchasing an additional 251 shares in the last quarter. Finally, Truist Financial Corp grew its position in Masco by 6.5% in the second quarter. Truist Financial Corp now owns 61,263 shares of the construction company's stock valued at $4,084,000 after acquiring an additional 3,724 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAS. Barclays cut their price objective on Masco from $93.00 to $84.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Zelman & Associates upgraded Masco to a "strong-buy" rating in a research report on Friday, January 17th. Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Loop Capital upped their target price on shares of Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. 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. Based on data from MarketBeat, Masco has an average rating of "Hold" and an average target price of $86.27.

Masco Trading Up 2.1 %

Shares of MAS stock traded up $1.70 on Thursday, hitting $81.39. The stock had a trading volume of 455,177 shares, compared to its average volume of 1,285,647. The company has a fifty day moving average price of $76.98 and a two-hundred day moving average price of $78.37. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The firm has a market cap of $17.56 billion, a P/E ratio of 21.62, a PEG ratio of 2.36 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.00 earnings per share. Masco's revenue was up .2% compared to the same quarter last year. As a group, analysts forecast 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.