Cambridge Investment Research Advisors Inc. Has $1 Million Stake in Masco Co. (NYSE:MAS)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Masco Co. (NYSE:MAS – Get Rating) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,522 shares of the construction company’s stock after selling 912 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Masco were worth $1,004,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Standard Family Office LLC bought a new stake in Masco during the third quarter valued at about $53,000. Neo Ivy Capital Management bought a new stake in shares of Masco in the third quarter valued at about $80,000. Old North State Trust LLC bought a new stake in shares of Masco in the third quarter valued at about $91,000. Edge Capital Group LLC bought a new stake in shares of Masco in the third quarter valued at about $102,000. Finally, Signaturefd LLC lifted its stake in shares of Masco by 15.9% in the third quarter. Signaturefd LLC now owns 2,271 shares of the construction company’s stock valued at $106,000 after buying an additional 311 shares during the period. 91.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAS shares. Barclays increased their target price on shares of Masco from $62.00 to $64.00 in a research note on Thursday, April 27th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Masco from $56.00 to $57.00 in a research note on Thursday, April 27th. KeyCorp cut their price target on shares of Masco from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, February 10th. Finally, Jefferies Financial Group upgraded shares of Masco from a “hold” rating to a “buy” rating and raised their price target for the stock from $55.00 to $65.00 in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average price target of $58.71.

Insiders Place Their Bets

In other Masco news, CFO John G. Sznewajs sold 20,361 shares of Masco stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $54.00, for a total transaction of $1,099,494.00. Following the completion of the sale, the chief financial officer now owns 187,784 shares of the company’s stock, valued at approximately $10,140,336. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Masco news, CFO John G. Sznewajs sold 68,750 shares of Masco stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $54.09, for a total transaction of $3,718,687.50. Following the completion of the sale, the chief financial officer now owns 187,784 shares of the company’s stock, valued at approximately $10,157,236.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 20,361 shares of Masco stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $54.00, for a total transaction of $1,099,494.00. Following the transaction, the chief financial officer now directly owns 187,784 shares in the company, valued at $10,140,336. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,058 shares of company stock valued at $6,626,199. Company insiders own 1.50% of the company’s stock.

Masco Price Performance

Shares of Masco stock opened at $52.55 on Friday. The firm has a market cap of $11.83 billion, a P/E ratio of 14.72, a P/E/G ratio of 3.50 and a beta of 1.18. The firm has a 50 day simple moving average of $50.55 and a 200 day simple moving average of $50.49. Masco Co. has a fifty-two week low of $42.33 and a fifty-two week high of $58.18.

Masco (NYSE:MAS – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The construction company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.91 billion. Masco had a net margin of 9.65% and a negative return on equity of 237.83%. Masco’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. On average, sell-side analysts expect that Masco Co. will post 3.35 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, May 25th. Masco’s dividend payout ratio is presently 31.93%.

About Masco

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Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.