Could Masco Corporation (NYSE:MAS) Skyrocket? The Stock Has Too Many Sellers

May 1, 2018 - By Dolores Ford

Masco Corporation (NYSE:MAS) Logo

Investors sentiment increased to 1 in Q4 2017. Its up 0.02, from 0.98 in 2017Q3. It improved, as 26 investors sold Masco Corporation shares while 199 reduced holdings. 77 funds opened positions while 149 raised stakes. 272.45 million shares or 1.07% less from 275.40 million shares in 2017Q3 were reported.
Employees Retirement Sys Of Texas stated it has 290,680 shares. Legal General Gp Plc accumulated 0.05% or 1.61M shares. University Of Texas Managment owns 170 shares. Principal Financial Group, Iowa-based fund reported 610,395 shares. The Massachusetts-based Putnam Limited Liability has invested 0.03% in Masco Corporation (NYSE:MAS). Regions Financial has 31,401 shares. Assetmark holds 201 shares. First Manhattan Communications invested in 600 shares or 0% of the stock. 2.32M are held by Alyeska Investment L P. Eaton Vance has 0% invested in Masco Corporation (NYSE:MAS) for 10,857 shares. Driehaus Mngmt Ltd Llc reported 0.06% of its portfolio in Masco Corporation (NYSE:MAS). Oppenheimer & invested in 55,803 shares. 582,025 are held by Royal National Bank Of Canada. Daiwa Sb holds 0.29% or 24,770 shares in its portfolio. Buckingham Cap has 0.32% invested in Masco Corporation (NYSE:MAS).

Since February 21, 2018, it had 0 insider purchases, and 6 selling transactions for $6.69 million activity. $3.55 million worth of Masco Corporation (NYSE:MAS) was sold by MANOOGIAN RICHARD A. Gross Joseph B. also sold $438,219 worth of Masco Corporation (NYSE:MAS) on Friday, February 23. VAN LOKEREN MARY ANN had sold 5,654 shares worth $241,844. LOSH J MICHAEL sold $234,989 worth of stock.

The stock of Masco Corporation (NYSE:MAS) registered an increase of 9.78% in short interest. MAS’s total short interest was 9.43 million shares in May as published by FINRA. Its up 9.78% from 8.59 million shares, reported previously. With 3.15M shares average volume, it will take short sellers 3 days to cover their MAS’s short positions. The short interest to Masco Corporation’s float is 3.04%.

The stock decreased 0.48% or $0.18 during the last trading session, reaching $37.69. About 2.65M shares traded. Masco Corporation (NYSE:MAS) has risen 19.95% since May 1, 2017 and is uptrending. It has outperformed by 8.40% the S&P500.

Masco Corporation designs, manufactures, markets, and distributes home improvement and building products worldwide. The company has market cap of $11.70 billion. The Company’s Plumbing Products segment provides faucets, showerheads, handheld showers, valves, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools and systems, brass and copper plumbing system components, and other non-decorative plumbing products. It has a 22.7 P/E ratio. The companyÂ’s Decorative Architectural Products segment offers architectural coatings, including paints, primers, specialty paints, stains, and waterproofing products; cabinet, door, window, and hardware products; and functional hardware, wall plates, hook and rail products, and picture hanging accessories, as well as decorative bath hardware, shower accessories, and shower doors.

Masco Corporation (NYSE:MAS) Ratings Coverage

Among 12 analysts covering Masco Corp (NYSE:MAS), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Masco Corp had 18 analyst reports since November 14, 2017 according to SRatingsIntel. FBR Capital maintained Masco Corporation (NYSE:MAS) rating on Tuesday, April 24. FBR Capital has “Buy” rating and $4600 target. The rating was maintained by FBR Capital on Friday, February 9 with “Buy”. As per Friday, February 9, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, November 14 by RBC Capital Markets. The rating was downgraded by J.P. Morgan on Friday, January 5 to “Hold”. As per Thursday, March 22, the company rating was upgraded by Deutsche Bank. Jefferies maintained the stock with “Buy” rating in Wednesday, January 17 report. JP Morgan maintained Masco Corporation (NYSE:MAS) on Thursday, April 26 with “Neutral” rating. The firm has “Hold” rating given on Monday, January 22 by Credit Suisse. The stock of Masco Corporation (NYSE:MAS) earned “Buy” rating by Gabelli on Wednesday, April 25.

Masco Corporation (NYSE:MAS) Institutional Positions Chart

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