CWA Asset Management Group LLC Buys New Shares in Masco Corporation $MAS

Key Points

• CWA Asset Management Group purchased 59,914 shares of Masco worth approximately $4.04 million in the third quarter. Institutional investors and hedge funds collectively own 93.91% of Masco’s outstanding shares.
• Analysts maintain a mixed outlook: seven rate Masco a Buy, eleven a Hold and one a Sell, resulting in a consensus rating of Hold and an average price target of $79.12.
• Masco reported quarterly earnings of $1.64 per share, exceeding estimates of $1.32, though revenue declined 2.9% year over year to $1.99 billion. The company pays a quarterly dividend of $0.32, yielding approximately 1.7% annually.

CWA Asset Management Group LLC purchased a new position in shares of Masco Corporation (NYSE:MAS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,914 shares of the construction company's stock, valued at approximately $4,038,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAS. BlackRock Inc. acquired a new position in Masco during the second quarter worth $1,278,943,000. Bank of America Corp DE bought a new position in Masco in the second quarter valued at $178,424,000. Bank of New York Mellon Corp acquired a new stake in Masco in the 2nd quarter valued at $156,668,000. Deutsche Bank AG acquired a new stake in Masco in the 2nd quarter valued at $149,673,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Masco by 828.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,071,592 shares of the construction company's stock valued at $64,692,000 after buying an additional 956,204 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAS shares. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Truist Financial decreased their price objective on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Melius Research started coverage on Masco in a research report on Tuesday, October 6th. They issued a "hold" rating and a $75.00 target price on the stock. Royal Bank Of Canada lowered their target price on Masco from $72.00 to $69.00 and set a "sector perform" rating on the stock in a research report on Wednesday, October 7th. Finally, DA Davidson assumed coverage on Masco in a report on Monday, August 24th. They set a "neutral" rating and a $80.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Masco has an average rating of "Hold" and a consensus price target of $79.12.

Masco Trading Up 2.4%

NYSE MAS opened at $74.75 on Wednesday. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The stock has a 50 day moving average of $70.77 and a 200-day moving average of $71.80. The company has a market cap of $14.74 billion, a PE ratio of 17.18, a PEG ratio of 1.84 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts anticipate that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. Masco's dividend payout ratio (DPR) is 29.43%.

Masco Company Profile

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company's portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.

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