Quantbot Technologies LP Takes Position in Masco Corp (MAS)

Quantbot Technologies LP acquired a new stake in Masco Corp (NYSE:MAS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 53,340 shares of the construction company’s stock, valued at approximately $1,952,000.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Masco by 103.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the construction company’s stock valued at $134,000 after buying an additional 1,858 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in shares of Masco in the 3rd quarter valued at $146,000. NuWave Investment Management LLC raised its stake in shares of Masco by 3,600.9% in the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after buying an additional 4,069 shares in the last quarter. Kovack Advisors Inc. acquired a new position in shares of Masco in the 3rd quarter valued at $200,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Masco by 8,377.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock valued at $209,000 after buying an additional 5,529 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

In other Masco news, insider Richard A. O’reagan sold 12,900 shares of the stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $31.48, for a total transaction of $406,092.00. Following the sale, the insider now owns 61,443 shares of the company’s stock, valued at approximately $1,934,225.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $31.30, for a total transaction of $1,565,000.00. Following the sale, the director now directly owns 575,961 shares in the company, valued at approximately $18,027,579.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,900 shares of company stock worth $6,631,092. Insiders own 1.20% of the company’s stock.

Shares of Masco stock opened at $31.69 on Friday. The stock has a market cap of $9.56 billion, a P/E ratio of 16.34, a PEG ratio of 0.92 and a beta of 1.56. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. Masco Corp has a 12-month low of $27.15 and a 12-month high of $46.44.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Masco had a return on equity of 409.25% and a net margin of 7.65%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.50 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that Masco Corp will post 2.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio is currently 24.74%.

A number of brokerages have recently issued reports on MAS. Cfra restated a “buy” rating and issued a $46.00 price objective on shares of Masco in a research note on Sunday, August 5th. Evercore ISI upgraded shares of Masco from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. ValuEngine cut shares of Masco from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Bank of America set a $40.00 target price on shares of Masco and gave the stock a “hold” rating in a research report on Thursday, October 11th. Finally, Cleveland Research reiterated a “hold” rating on shares of Masco in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Masco presently has an average rating of “Buy” and a consensus price target of $42.63.

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About Masco

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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