234,119 Shares in Masco Corporation $MAS Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new stake in Masco Corporation (NYSE:MAS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 234,119 shares of the construction company’s stock, valued at approximately $16,398,000.

Several other hedge funds also recently added to or reduced their stakes in MAS. Elevation Point Wealth Partners LLC acquired a new stake in shares of Masco in the 2nd quarter valued at about $28,000. Headlands Technologies LLC increased its holdings in Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Masco in the second quarter valued at about $37,000. Caldwell Trust Co acquired a new stake in Masco during the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc bought a new position in Masco during the 2nd quarter worth approximately $40,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Down 0.4%

Masco stock opened at $66.05 on Monday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $80.71. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.68 and a beta of 1.28. The firm has a 50-day moving average price of $65.72 and a two-hundred day moving average price of $67.78.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays reiterated an “equal weight” rating and issued a $71.00 price target (down from $76.00) on shares of Masco in a report on Monday, December 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $67.00 target price on shares of Masco in a research note on Friday, January 9th. Argus reduced their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company lifted their price target on shares of Masco from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.20.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door?bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.