Cubist Systematic Strategies LLC increased its stake in shares of Masco Corp (NYSE:MAS) by 56.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,969 shares of the construction company’s stock after buying an additional 12,649 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Masco were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Earnest Partners LLC lifted its position in Masco by 0.7% during the third quarter. Earnest Partners LLC now owns 1,214,627 shares of the construction company’s stock worth $47,383,000 after buying an additional 8,281 shares in the last quarter. Jane Street Group LLC lifted its position in Masco by 148.4% during the third quarter. Jane Street Group LLC now owns 29,839 shares of the construction company’s stock worth $1,164,000 after buying an additional 17,828 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Masco by 41.4% during the third quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock worth $109,791,000 after buying an additional 824,665 shares in the last quarter. Anchor Bolt Capital LP lifted its position in Masco by 3.8% during the third quarter. Anchor Bolt Capital LP now owns 1,074,912 shares of the construction company’s stock worth $41,932,000 after buying an additional 39,086 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Masco by 4.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 197,391 shares of the construction company’s stock valued at $7,700,000 after purchasing an additional 8,374 shares during the period. Hedge funds and other institutional investors own 89.14% of the company’s stock.

Shares of Masco Corp (NYSE:MAS) opened at $42.31 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The stock has a market capitalization of $13,309.25, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.31 and a beta of 1.59. Masco Corp has a 1-year low of $31.29 and a 1-year high of $43.79.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. Masco’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. research analysts forecast that Masco Corp will post 1.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be issued a $0.105 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. Masco’s dividend payout ratio is presently 25.00%.

A number of equities research analysts have commented on the company. B. Riley restated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Argus lifted their target price on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Citigroup lifted their target price on Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Barclays set a $45.00 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, FBR & Co restated a “buy” rating and issued a $46.00 target price (up previously from $43.00) on shares of Masco in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.07.

In related news, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the sale, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the completion of the sale, the vice president now owns 101,681 shares in the company, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. Insiders sold a total of 91,227 shares of company stock worth $3,622,549 in the last quarter. Company insiders own 1.30% of the company’s stock.

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About Masco

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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