Quantinno Capital Management LP Grows Holdings in Masco Corporation $MAS

Quantinno Capital Management LP lifted its stake in Masco Corporation (NYSE:MAS) by 52.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,542,720 shares of the construction company’s stock after acquiring an additional 530,036 shares during the quarter. Quantinno Capital Management LP’s holdings in Masco were worth $93,134,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Masco in the 3rd quarter valued at approximately $26,000. Bard Associates Inc. acquired a new position in Masco during the fourth quarter worth $25,000. Bogart Wealth LLC boosted its position in shares of Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares during the period. Headlands Technologies LLC boosted its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Masco in the second quarter valued at $37,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $81.11 on Tuesday. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.21. The company has a fifty day simple moving average of $74.72 and a two-hundred day simple moving average of $70.16. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s payout ratio is presently 31.76%.

Masco announced that its board has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. UBS Group raised their target price on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Monday, April 13th. Truist Financial boosted their price target on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.67.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.