National Pension Service Buys 30,617 Shares of Masco Corporation $MAS

National Pension Service increased its stake in Masco Corporation (NYSE:MAS) by 38.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,856 shares of the construction company’s stock after acquiring an additional 30,617 shares during the period. National Pension Service owned about 0.05% of Masco worth $7,803,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Masco by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock worth $1,858,252,000 after purchasing an additional 1,780,673 shares in the last quarter. Boston Partners raised its holdings in shares of Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after buying an additional 810,881 shares in the last quarter. Geode Capital Management LLC lifted its position in Masco by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock worth $339,391,000 after buying an additional 60,672 shares during the last quarter. Holocene Advisors LP lifted its position in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after buying an additional 1,635,746 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Masco by 24.0% in the third quarter. Nordea Investment Management AB now owns 4,104,852 shares of the construction company’s stock worth $286,396,000 after buying an additional 793,591 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Up 2.2%

NYSE MAS opened at $68.05 on Wednesday. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $79.16. The stock has a market capitalization of $14.13 billion, a PE ratio of 17.45, a PEG ratio of 2.71 and a beta of 1.28. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.20. The business’s 50-day moving average is $65.91 and its 200 day moving average is $67.81.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MAS shares. Wells Fargo & Company lifted their price target on shares of Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $67.00 target price on shares of Masco in a research report on Friday, January 9th. Argus lowered their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. UBS Group cut their price target on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Barclays reiterated an “equal weight” rating and issued a $71.00 price objective (down previously from $76.00) on shares of Masco in a report on Monday, December 8th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.20.

About Masco

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.