Thor Advisors LLC bought a new stake in shares of Masco Corp (NYSE:MAS) during the first quarter, HoldingsChannel reports. The fund bought 1,993 shares of the construction company’s stock, valued at approximately $78,000. Masco makes up about 1.0% of Thor Advisors LLC’s holdings, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. ETF Managers Group LLC grew its stake in shares of Masco by 8.2% during the first quarter. ETF Managers Group LLC now owns 3,570 shares of the construction company’s stock valued at $140,000 after buying an additional 272 shares during the last quarter. Avestar Capital LLC increased its position in shares of Masco by 7.3% during the first quarter. Avestar Capital LLC now owns 4,477 shares of the construction company’s stock worth $156,000 after purchasing an additional 305 shares in the last quarter. Advisor Partners LLC increased its position in shares of Masco by 3.7% during the first quarter. Advisor Partners LLC now owns 9,070 shares of the construction company’s stock worth $357,000 after purchasing an additional 323 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Masco by 3.8% during the first quarter. Great Valley Advisor Group Inc. now owns 8,892 shares of the construction company’s stock worth $350,000 after purchasing an additional 329 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Masco by 59.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock valued at $33,000 after acquiring an additional 418 shares during the period. 90.09% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on MAS shares. SunTrust Banks upped their target price on Masco to $48.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Nomura upped their target price on Masco from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Robert W. Baird set a $50.00 target price on Masco and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Raymond James raised Masco from a “market perform” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.29.

Shares of NYSE MAS traded down $0.75 during mid-day trading on Friday, hitting $38.29. The stock had a trading volume of 3,487,536 shares, compared to its average volume of 2,539,238. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.55 and a beta of 1.44. The company has a debt-to-equity ratio of 65.98, a current ratio of 1.43 and a quick ratio of 0.91. Masco Corp has a twelve month low of $27.03 and a twelve month high of $41.00.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.99 billion. Masco had a return on equity of 675.68% and a net margin of 8.40%. Masco’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Research analysts expect that Masco Corp will post 2.66 earnings per share for the current year.

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Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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