25,119 Shares in Masco Co. (NYSE:MAS) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of Masco Co. (NYSE:MAS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,119 shares of the construction company’s stock, valued at approximately $2,109,000.

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

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $80.95 on Friday. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.60 and a beta of 1.24. Masco Co. has a fifty-two week low of $55.13 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a fifty day moving average price of $81.74 and a 200-day moving average price of $74.85.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. Masco’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.43%. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Upgrades and Downgrades

MAS has been the topic of a number of research analyst reports. Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird cut their price objective 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. Finally, Loop Capital upped their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.96.

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.