CWA Asset Management Group LLC Grows Stock Position in Masco Corporation (NYSE:MAS)

CWA Asset Management Group LLC grew its position in Masco Corporation (NYSE:MAS - Free Report) by 25.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,036 shares of the construction company's stock after acquiring an additional 8,149 shares during the quarter. CWA Asset Management Group LLC's holdings in Masco were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its stake in Masco by 5,050.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock worth $747,000 after acquiring an additional 10,100 shares during the last quarter. Principal Securities Inc. increased its stake in Masco by 20.5% in the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock worth $823,000 after acquiring an additional 1,931 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in Masco by 2.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 21,497 shares of the construction company's stock worth $1,560,000 after acquiring an additional 442 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in Masco by 25.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,565 shares of the construction company's stock worth $1,783,000 after acquiring an additional 5,001 shares during the last quarter. Finally, Stevens Capital Management LP increased its stake in Masco by 107.9% in the 4th quarter. Stevens Capital Management LP now owns 10,585 shares of the construction company's stock worth $768,000 after acquiring an additional 5,494 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAS. Robert W. Baird reduced their price objective on Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Loop Capital set a $62.00 target price on Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays set a $71.00 target price on Masco and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Evercore ISI cut their target price on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $73.63.

Masco Stock Up 0.6%

Shares of MAS stock traded up $0.34 during mid-day trading on Friday, hitting $61.24. The stock had a trading volume of 5,147,863 shares, compared to its average volume of 1,838,539. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The firm has a market capitalization of $12.92 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The firm's 50-day moving average is $62.63 and its two-hundred day moving average is $70.00. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.09.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Masco's quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio is 33.88%.

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.