Forsta AP Fonden Trims Holdings in Masco Co. (NYSE:MAS)

Forsta AP Fonden cut its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,800 shares of the construction company's stock after selling 6,700 shares during the quarter. Forsta AP Fonden's holdings in Masco were worth $5,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new stake in Masco during the first quarter worth about $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Masco in the 2nd quarter valued at $30,000. Larson Financial Group LLC lifted its stake in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after purchasing an additional 500 shares during the period. Finally, LRI Investments LLC purchased a new stake in Masco during the first quarter worth $44,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MAS. Wells Fargo & Company upped their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Jefferies Financial Group boosted their price objective on Masco from $89.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their target price on Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Citigroup cut their price target on shares of Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Finally, Truist Financial lifted their target price on shares of Masco from $81.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.75.

Masco Trading Down 0.5 %

NYSE:MAS traded down $0.38 during trading hours on Tuesday, hitting $81.30. The company had a trading volume of 3,675,997 shares, compared to its average volume of 1,813,190. Masco Co. has a 1 year low of $50.98 and a 1 year high of $86.70. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The company has a 50-day moving average of $81.43 and a 200 day moving average of $74.35. The company has a market cap of $17.91 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.78 and a beta of 1.24.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

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.