Cambridge Financial Group Inc. Sells 1,305 Shares of Masco Corp (MAS)
Cambridge Financial Group Inc. reduced its stake in shares of Masco Corp (NYSE:MAS) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,858 shares of the construction company’s stock after selling 1,305 shares during the period. Masco accounts for 3.6% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 9th biggest holding. Cambridge Financial Group Inc. owned 0.06% of Masco worth $6,821,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in Masco in the second quarter worth $101,000. YorkBridge Wealth Partners LLC boosted its holdings in Masco by 4.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares in the last quarter. Fiduciary Trust Co. bought a new stake in Masco in the second quarter worth $166,000. Finally, Kings Point Capital Management boosted its holdings in Masco by 50.0% in the second quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock worth $172,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Masco in a report on Tuesday, September 26th. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup upped their price objective on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada upped their price objective on shares of Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.88.
Masco Corp (NYSE:MAS) traded down $0.17 during trading on Thursday, reaching $42.02. 2,653,300 shares of the company’s stock were exchanged, compared to its average volume of 2,643,469. The firm has a market cap of $13,271.51, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. Masco Corp has a 52-week low of $31.29 and a 52-week high of $43.79.
Masco (NYSE:MAS) last released its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. analysts forecast that Masco Corp will post 1.95 earnings per share for the current year.
In other Masco news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,227 shares of company stock valued at $3,622,549. Company insiders own 1.30% of the company’s stock.
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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