Versor Investments LP Acquires Shares of 6,500 Masco Co. (NYSE:MAS)

Versor Investments LP purchased a new position in Masco Co. (NYSE:MAS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,500 shares of the construction company's stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new stake in shares of Masco during the first quarter worth $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the second quarter worth $25,000. Family Firm Inc. acquired a new position in Masco during the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV lifted its position in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock valued at $38,000 after purchasing an additional 179 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Masco during the third quarter valued at $38,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated 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 of the company's stock, valued at approximately $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Masco Stock Performance

Shares of NYSE:MAS traded down $0.06 during trading on Thursday, reaching $79.19. The stock had a trading volume of 1,977,139 shares, compared to its average volume of 1,802,365. Masco Co. has a 52 week low of $58.89 and a 52 week high of $86.70. The stock has a fifty day simple moving average of $81.84 and a two-hundred day simple moving average of $75.08. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts' consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. As a group, analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, November 8th. Masco's payout ratio is presently 30.85%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MAS shares. UBS Group boosted their target price on shares of Masco from $89.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Seven equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $85.96.

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.