Quantbot Technologies LP Purchases 7,918 Shares of Masco Co. (NYSE:MAS)

Quantbot Technologies LP raised its position in Masco Co. (NYSE:MAS - Free Report) by 4,498.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,094 shares of the construction company's stock after purchasing an additional 7,918 shares during the quarter. Quantbot Technologies LP's holdings in Masco were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MAS. Innealta Capital LLC acquired a new stake in Masco during the 2nd quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Masco during the 2nd quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Masco in the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC acquired a new stake in Masco during the 3rd quarter worth $43,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Masco by 46.0% in the 2nd 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 last quarter. 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 the 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 transaction, the vice president now owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. This represents a 50.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Masco Stock Up 0.3 %

Shares of Masco stock traded up $0.28 on Tuesday, reaching $80.78. The stock had a trading volume of 389,041 shares, compared to its average volume of 1,781,616. The stock has a market capitalization of $17.43 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.61 and a beta of 1.23. Masco Co. has a 1 year low of $61.82 and a 1 year high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a 50 day moving average price of $81.62 and a 200 day moving average price of $75.89.

Masco (NYSE:MAS - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share. As a group, equities research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco's dividend payout ratio (DPR) is presently 30.85%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MAS shares. Evercore ISI lifted their price objective on Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered Masco from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Loop Capital boosted their target price on Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.