Mesirow Financial Investment Management Inc. Purchases New Shares in Masco Co. (NYSE:MAS)

Mesirow Financial Investment Management Inc. purchased a new position in shares of Masco Co. (NYSE:MAS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,742 shares of the construction company’s stock, valued at approximately $230,000.

A number of other institutional investors have also added to or reduced their stakes in MAS. New Covenant Trust Company N.A. purchased a new position in Masco in the first quarter worth $25,000. Innealta Capital LLC bought a new stake in shares of Masco during the 2nd quarter worth $25,000. Family Firm Inc. purchased a new position in shares of Masco in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in Masco during the third quarter valued at about $38,000. Finally, LRI Investments LLC purchased a new stake in Masco during the first quarter worth about $44,000. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 2.2 %

Shares of NYSE MAS opened at $79.01 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business has a 50-day moving average of $81.78 and a 200-day moving average of $75.02. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.62 and a beta of 1.24. Masco Co. has a 12 month low of $55.43 and a 12 month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Sell-side analysts expect that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors 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 1.47%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is 30.85%.

Analyst Ratings Changes

Several research firms recently commented on MAS. Evercore ISI upped their price objective on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Truist Financial upped their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” 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 that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.