What’s Next for Masco Corporation (NYSE:MAS) After Having More Shares Shorted?

February 15, 2018 - By Maria Brooks

 What's Next for Masco Corporation (NYSE:MAS) After Having More Shares Shorted?

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.08, from 1.06 in 2017Q2. It fall, as 49 investors sold Masco Corporation shares while 180 reduced holdings. 60 funds opened positions while 165 raised stakes. 275.40 million shares or 0.11% more from 275.10 million shares in 2017Q2 were reported.
Anchor Bolt Lp invested in 1.07 million shares or 1.71% of the stock. Prelude Cap Ltd Llc has 1,075 shares for 0% of their portfolio. 1.57M are held by Renaissance Tech Lc. Creative Planning invested in 0% or 26,207 shares. State Of Alaska Department Of Revenue has 0.05% invested in Masco Corporation (NYSE:MAS). Louisiana State Employees Retirement Systems has invested 0.04% in Masco Corporation (NYSE:MAS). 522,915 are owned by Asset One. Symphony Asset Mngmt Ltd Liability Co reported 0.38% of its portfolio in Masco Corporation (NYSE:MAS). Gulf Retail Bank (Uk) Limited accumulated 0.06% or 105,918 shares. Covington Capital Mngmt has invested 0% of its portfolio in Masco Corporation (NYSE:MAS). Ftb Advsr accumulated 0% or 275 shares. Bluestein R H stated it has 6,275 shares or 0.01% of all its holdings. Buffington Mohr Mcneal invested in 81,405 shares or 1.27% of the stock. Massachusetts-based State Street has invested 0.05% in Masco Corporation (NYSE:MAS). Mcmillion Capital Inc has invested 0.87% in Masco Corporation (NYSE:MAS).

Since September 8, 2017, it had 0 buys, and 4 sales for $2.95 million activity. The insider Gross Joseph B. sold $87,708. 2,266 shares were sold by Cole Kenneth G., worth $84,663. 17,026 shares were sold by Lindow John P, worth $682,254.

The stock of Masco Corporation (NYSE:MAS) registered an increase of 49.48% in short interest. MAS’s total short interest was 8.56 million shares in February as published by FINRA. Its up 49.48% from 5.72M shares, reported previously. With 2.16M shares average volume, it will take short sellers 4 days to cover their MAS’s short positions.

The stock decreased 0.42% or $0.18 during the last trading session, reaching $42.76. About 761,620 shares traded. Masco Corporation (NYSE:MAS) has risen 18.02% since February 15, 2017 and is uptrending. It has outperformed by 1.32% the S&P500.

Masco Corporation designs, manufactures, markets, and distributes home improvement and building products worldwide. The company has market cap of $13.40 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 25.76 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 23 analysts covering Masco (NYSE:MAS), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Masco had 60 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Masco Corporation (NYSE:MAS) has “Buy” rating given on Tuesday, August 22 by Jefferies. On Monday, January 25 the stock rating was upgraded by Evercore to “Buy”. The rating was maintained by Jefferies on Wednesday, July 19 with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 28. The rating was maintained by RBC Capital Markets on Tuesday, November 14 with “Buy”. The firm has “Buy” rating by SunTrust given on Tuesday, July 28. The firm has “Buy” rating by Nomura given on Wednesday, October 25. The company was maintained on Monday, August 28 by Robert W. Baird. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, January 22. Jefferies maintained Masco Corporation (NYSE:MAS) rating on Thursday, July 13. Jefferies has “Buy” rating and $4300 target.

More notable recent Masco Corporation (NYSE:MAS) news were published by: Businesswire.com which released: “Masco Corporation Announces Live Webcast of Presentation at Investor …” on February 09, 2018, also Businesswire.com with their article: “Masco Corporation Reports Fourth Quarter and 2017 Year-End Results” published on February 08, 2018, Nasdaq.com published: “Masco Corp. Bottom Line Rises In Q4” on February 08, 2018. More interesting news about Masco Corporation (NYSE:MAS) were released by: Streetinsider.com and their article: “Form 4 MASCO CORP /DE/ For: Feb 09 Filed by: Cole Kenneth G.” published on February 13, 2018 as well as Seekingalpha.com‘s news article titled: “Masco Corporation 2017 10-K Highlights” with publication date: February 15, 2018.

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