Quantitative Systematic Strategies LLC Has $709,000 Position in Masco Corp (MAS)

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Quantitative Systematic Strategies LLC trimmed its position in Masco Corp (NYSE:MAS) by 78.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,030 shares of the construction company’s stock after selling 64,639 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Masco were worth $709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its position in shares of Masco by 59.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of Masco by 1.8% during the 4th quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock worth $708,000 after purchasing an additional 430 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in shares of Masco by 97.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock worth $27,000 after purchasing an additional 460 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of Masco by 18.3% during the 4th quarter. ETF Managers Group LLC now owns 3,298 shares of the construction company’s stock worth $96,000 after purchasing an additional 510 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Masco by 8.1% during the 1st quarter. Raymond James Trust N.A. now owns 7,909 shares of the construction company’s stock worth $311,000 after purchasing an additional 594 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

In other news, VP John P. Lindow sold 37,795 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the completion of the transaction, the vice president now owns 60,454 shares of the company’s stock, valued at approximately $2,361,937.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John G. Sznewajs sold 165,248 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $39.92, for a total transaction of $6,596,700.16. Following the transaction, the chief financial officer now directly owns 398,178 shares of the company’s stock, valued at approximately $15,895,265.76. The disclosure for this sale can be found here. Insiders sold a total of 298,940 shares of company stock valued at $11,890,269 in the last three months. 1.17% of the stock is currently owned by corporate insiders.

Shares of MAS stock opened at $40.47 on Wednesday. Masco Corp has a twelve month low of $27.03 and a twelve month high of $41.76. The stock has a market capitalization of $11.91 billion, a P/E ratio of 16.19, a PEG ratio of 1.46 and a beta of 1.46. The company has a debt-to-equity ratio of 43.06, a current ratio of 1.64 and a quick ratio of 1.08.

Masco (NYSE:MAS) last announced its earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Masco Corp will post 2.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, April 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, April 11th. Masco’s payout ratio is 19.20%.

Several brokerages have commented on MAS. Zacks Investment Research lowered shares of Masco from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Bank of America upgraded shares of Masco from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, January 4th. Credit Suisse Group set a $34.00 target price on shares of Masco and gave the stock a “hold” rating in a research report on Friday, January 11th. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Barclays restated a “buy” rating and set a $39.00 target price on shares of Masco in a research report on Sunday, February 10th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.90.

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Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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