Campbell & CO Investment Adviser LLC Invests $458,000 in Masco Corp (MAS)
Campbell & CO Investment Adviser LLC acquired a new stake in shares of Masco Corp (NYSE:MAS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,743 shares of the construction company’s stock, valued at approximately $458,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MAS. Mckinley Capital Management LLC Delaware acquired a new stake in Masco in the 2nd quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC grew its holdings in Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after buying an additional 127 shares during the last quarter. Advisory Services Network LLC grew its holdings in Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after buying an additional 763 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Masco in the 2nd quarter valued at approximately $166,000. Finally, Kings Point Capital Management grew its holdings in Masco by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after buying an additional 1,500 shares during the last quarter. 89.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Joseph B. Gross sold 2,337 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.53, for a total transaction of $87,707.61. Following the completion of the sale, the insider now directly owns 56,935 shares of the company’s stock, valued at approximately $2,136,770.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John P. Lindow sold 17,026 shares of the firm’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 sale, the vice president now directly owns 101,681 shares of the company’s stock, valued at $4,074,357.67. The disclosure for this sale can be found here. Insiders have sold a total of 90,990 shares of company stock valued at $3,600,733 in the last 90 days. 1.30% of the stock is owned by corporate insiders.
MAS has been the subject of a number of research reports. Barclays set a $45.00 price objective on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. FBR & Co reiterated a “buy” rating and issued a $46.00 price objective (up previously from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $42.00 price objective on shares of Masco in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Masco has a consensus rating of “Buy” and a consensus price target of $42.88.
Masco Corp (NYSE MAS) traded up $0.87 during trading on Wednesday, hitting $40.93. The company had a trading volume of 3,322,600 shares, compared to its average volume of 2,617,395. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. The company has a market cap of $12,450.50, a P/E ratio of 21.51, a PEG ratio of 1.23 and a beta of 1.56. Masco Corp has a 1-year low of $30.08 and a 1-year high of $41.10.
Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. sell-side analysts anticipate that Masco Corp will post 1.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, October 12th. This is an increase from Masco’s previous quarterly dividend of $0.10. Masco’s dividend payout ratio (DPR) is 25.00%.
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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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