Quantinno Capital Management LP Purchases 80,841 Shares of Masco Co. (NYSE:MAS)

Quantinno Capital Management LP grew its stake in shares of Masco Co. (NYSE:MAS) by 115.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,883 shares of the construction company’s stock after acquiring an additional 80,841 shares during the period. Quantinno Capital Management LP’s holdings in Masco were worth $10,950,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAS. Allworth Financial LP grew its holdings in Masco by 17.3% in the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock worth $71,000 after purchasing an additional 133 shares during the last quarter. Equitable Trust Co. raised its position in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Masco by 26.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after acquiring an additional 148 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Masco by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company’s stock worth $302,000 after buying an additional 151 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Masco by 4.5% during the 4th quarter. Brooklyn Investment Group now owns 3,630 shares of the construction company’s stock worth $263,000 after buying an additional 155 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now directly owns 60,267 shares of the company’s stock, valued at approximately $4,601,988.12. The trade was a 26.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Renee Straber sold 3,139 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent research reports. Jefferies Financial Group decreased their price target on shares of Masco from $64.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Barclays set a $71.00 price objective on shares of Masco and gave the company an “overweight” rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Masco in a research note on Tuesday, April 1st. They set a “hold” rating and a $71.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Masco from $65.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $73.63.

Masco Trading Down 2.3%

NYSE MAS opened at $66.53 on Thursday. Masco Co. has a one year low of $56.55 and a one year high of $86.70. The company has a 50-day simple moving average of $65.02 and a 200-day simple moving average of $73.10. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The firm has a market capitalization of $14.03 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that Masco Co. will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, May 23rd. Masco’s dividend payout ratio (DPR) is currently 33.88%.

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.