Masco Co. (NYSE:MAS) Shares Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC grew its holdings in shares of Masco Co. (NYSE:MAS) by 57.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,972 shares of the construction company’s stock after buying an additional 3,272 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Masco were worth $753,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Masco during the 1st quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of Masco in the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of Masco in the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares during the period. Finally, Larson Financial Group LLC lifted its position in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 1.2 %

Shares of NYSE:MAS opened at $81.78 on Wednesday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a 1-year low of $54.55 and a 1-year high of $86.70. The company’s fifty day moving average is $81.60 and its two-hundred day moving average is $74.62. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Equities analysts anticipate that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 30.85%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAS. UBS Group lifted their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird cut their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $79.00 to $80.00 in a research report on Wednesday, October 30th. Finally, Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $85.96.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Masco Profile

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