CWA Asset Management Group LLC Makes New Investment in Masco Co. (NYSE:MAS)

CWA Asset Management Group LLC acquired a new stake in Masco Co. (NYSE:MAS - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,119 shares of the construction company's stock, valued at approximately $2,109,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MAS. Equitable Trust Co. boosted its stake in Masco by 2.2% during the third quarter. Equitable Trust Co. now owns 7,953 shares of the construction company's stock worth $668,000 after acquiring an additional 175 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Masco during the third quarter valued at about $38,000. Olympiad Research LP bought a new position in shares of Masco during the 3rd quarter worth about $297,000. Principal Financial Group Inc. grew its stake in shares of Masco by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 263,155 shares of the construction company's stock valued at $22,089,000 after buying an additional 7,089 shares during the period. Finally, Montecito Bank & Trust increased its position in Masco by 125.4% in the 3rd quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company's stock valued at $989,000 after buying an additional 6,553 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAS. Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded Masco from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Loop Capital boosted their target price on shares of Masco from $76.00 to $87.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.96.

Insider Buying and Selling

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Masco Stock Performance

Shares of MAS stock traded up $1.00 during trading on Friday, hitting $80.95. The company's stock had a trading volume of 1,476,168 shares, compared to its average volume of 1,575,066. The business has a fifty day moving average of $81.74 and a 200-day moving average of $74.88. The company has a market cap of $17.46 billion, a PE ratio of 21.53, a P/E/G ratio of 2.60 and a beta of 1.24. Masco Co. has a 52 week low of $55.13 and a 52 week high of $86.70. 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 - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business's revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. As a group, research analysts anticipate that Masco Co. will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. Masco's payout ratio is currently 30.85%.

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.