Thrivent Financial for Lutherans Purchases 162,609 Shares of Masco Corporation $MAS

Thrivent Financial for Lutherans increased its position in shares of Masco Corporation (NYSE:MAS) by 410.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,231 shares of the construction company’s stock after acquiring an additional 162,609 shares during the period. Thrivent Financial for Lutherans owned about 0.10% of Masco worth $14,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MAS. FORA Capital LLC lifted its holdings in shares of Masco by 203.9% during the second quarter. FORA Capital LLC now owns 35,603 shares of the construction company’s stock worth $2,291,000 after purchasing an additional 23,887 shares during the period. World Investment Advisors raised its position in Masco by 819.8% during the 3rd quarter. World Investment Advisors now owns 54,745 shares of the construction company’s stock worth $3,853,000 after purchasing an additional 48,793 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of Masco by 33.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 62,922 shares of the construction company’s stock valued at $4,429,000 after buying an additional 15,770 shares during the last quarter. Voya Financial Advisors Inc. bought a new stake in shares of Masco in the 3rd quarter valued at about $1,245,000. Finally, Generali Asset Management SPA SGR raised its position in shares of Masco by 1,051.8% during the third quarter. Generali Asset Management SPA SGR now owns 16,517 shares of the construction company’s stock worth $1,163,000 after acquiring an additional 15,083 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MAS shares. Vertical Research began coverage on shares of Masco in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Evercore ISI cut their price target on shares of Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Citigroup lowered their price objective on Masco from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $67.00 target price on shares of Masco in a research report on Friday, January 9th. Finally, UBS Group dropped their price target on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus price target of $73.20.

Masco Price Performance

Shares of NYSE:MAS opened at $71.49 on Thursday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $79.16. The stock’s 50 day moving average is $66.05 and its 200-day moving average is $67.83. 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 $14.85 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.96 and a beta of 1.28.

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.