Masco Co. (NYSE:MAS) Stake Increased by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its stake in shares of Masco Co. (NYSE:MAS) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,887 shares of the construction company’s stock after buying an additional 6,768 shares during the quarter. CWA Asset Management Group LLC’s holdings in Masco were worth $2,314,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Masco during the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC bought a new position in Masco during the third quarter valued at about $43,000. Venturi Wealth Management LLC raised its holdings in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after buying an additional 222 shares in the last quarter. Covestor Ltd lifted its position in shares of Masco by 86.4% in the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Masco during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of MAS stock opened at $73.14 on Tuesday. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70. The company has a market capitalization of $15.78 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.55 and a beta of 1.25. The stock has a 50 day moving average of $77.89 and a two-hundred day moving average of $77.19. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Citigroup decreased their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $85.00 target price (down from $92.00) on shares of Masco in a research note on Tuesday, December 17th. Finally, Robert W. Baird cut their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.79.

About Masco

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