QRG Capital Management Inc. Acquires 75,503 Shares of Masco Co. (NYSE:MAS)

QRG Capital Management Inc. increased its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 22.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,896 shares of the construction company's stock after purchasing an additional 75,503 shares during the period. QRG Capital Management Inc. owned 0.19% of Masco worth $34,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the 1st quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in Masco during the second quarter worth approximately $25,000. Family Firm Inc. purchased a new position in shares of Masco in the 2nd quarter worth $30,000. Larson Financial Group LLC lifted its stake in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Masco during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

Shares of MAS stock traded up $0.61 on Monday, reaching $80.79. The stock had a trading volume of 1,220,636 shares, compared to its average volume of 1,809,528. Masco Co. has a 12 month low of $54.55 and a 12 month high of $86.70. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 2.58 and a beta of 1.24. The firm's 50-day moving average is $81.60 and its two-hundred day moving average is $74.56. The company has a quick ratio of 1.12, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. Masco's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Masco's payout ratio is 30.85%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAS. Jefferies Financial Group raised their target price on Masco from $89.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Masco has an average rating of "Hold" and a consensus price target of $84.85.

Insider Transactions at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Masco Company 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.