Masco Corporation (NYSE:MAS) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its position in Masco Corporation (NYSE:MAS - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,036 shares of the construction company's stock after buying an additional 8,149 shares during the period. CWA Asset Management Group LLC's holdings in Masco were worth $2,784,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Masco in the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Masco during the 4th quarter worth approximately $42,000. GeoWealth Management LLC boosted its position in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after purchasing an additional 330 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Masco by 17.3% during the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Stock Up 0.6%

Shares of MAS traded up $0.34 during midday trading on Friday, reaching $61.24. The stock had a trading volume of 5,147,863 shares, compared to its average volume of 1,831,738. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The company's fifty day simple moving average is $62.63 and its two-hundred day simple moving average is $69.93. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.33 and a beta of 1.19. 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 announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on MAS shares. Jefferies Financial Group lowered their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group lowered their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Truist Financial reduced their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Robert W. Baird decreased their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target of $73.63.

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.