Masco Co. (NYSE:MAS) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 124.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 70,042 shares of the construction company's stock after purchasing an additional 38,785 shares during the period. Quantinno Capital Management LP's holdings in Masco were worth $5,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MAS. Quarry LP grew its position in shares of Masco by 1,849.4% in the 3rd quarter. Quarry LP now owns 1,618 shares of the construction company's stock worth $136,000 after buying an additional 1,535 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Masco by 2.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 90,574 shares of the construction company's stock worth $7,603,000 after buying an additional 2,259 shares during the last quarter. Redwood Investment Management LLC grew its position in shares of Masco by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 21,752 shares of the construction company's stock worth $1,818,000 after buying an additional 853 shares during the last quarter. Polar Asset Management Partners Inc. grew its position in shares of Masco by 13.1% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 164,600 shares of the construction company's stock worth $13,817,000 after buying an additional 19,100 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Masco in the 3rd quarter worth approximately $259,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction on 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 completion of the sale, the vice president now directly owns 36,980 shares of the company's stock, valued at $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Masco Trading Up 0.8 %

Shares of MAS stock traded up $0.62 on Friday, hitting $81.01. 1,325,019 shares of the stock traded hands, compared to its average volume of 1,407,758. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The firm's 50-day moving average price is $81.43 and its two-hundred day moving average price is $76.11. Masco Co. has a twelve month low of $62.95 and a twelve month high of $86.70. The stock has a market capitalization of $17.48 billion, a PE ratio of 21.55, a PEG ratio of 2.60 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.08. The firm 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%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. As a group, analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 annualized dividend and a dividend yield of 1.43%. Masco's dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. UBS Group lifted their target price on shares of Masco from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada cut shares of 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 note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $85.96.

About Masco

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.