Cwm LLC Sells 884 Shares of Masco Co. (NYSE:MAS)

Cwm LLC lessened its position in Masco Co. (NYSE:MAS – Get Rating) by 31.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,970 shares of the construction company’s stock after selling 884 shares during the quarter. Cwm LLC’s holdings in Masco were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MAS. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Masco during the second quarter worth about $201,000. Wedmont Private Capital bought a new position in Masco during the 2nd quarter valued at approximately $219,000. Commonwealth Equity Services LLC increased its holdings in shares of Masco by 24.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 57,760 shares of the construction company’s stock worth $2,922,000 after purchasing an additional 11,194 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Masco by 1,560.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 10,641 shares of the construction company’s stock worth $538,000 after purchasing an additional 10,000 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Masco in the 2nd quarter worth $2,247,000. Institutional investors own 91.50% of the company’s stock.

Masco Stock Down 2.1 %

Shares of Masco stock opened at $50.93 on Wednesday. The company’s 50-day simple moving average is $49.28 and its 200-day simple moving average is $50.11. Masco Co. has a 52-week low of $42.33 and a 52-week high of $67.62. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 2.17 and a beta of 1.17.

Masco (NYSE:MAS – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The construction company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Masco had a net margin of 9.81% and a negative return on equity of 331.58%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equities research analysts anticipate that Masco Co. will post 3.74 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Thursday, November 10th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 9th. Masco’s payout ratio is 30.43%.

Analyst Upgrades and Downgrades

MAS has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Masco to $57.00 in a report on Monday, November 21st. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $57.00 to $47.00 in a report on Thursday, October 27th. BMO Capital Markets cut their target price on Masco from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, October 27th. Finally, Bank of America lowered Masco from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $58.00 to $46.00 in a report on Tuesday, October 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.21.

Insider Activity at Masco

In related news, Director Reginald M. Turner, Jr. sold 9,900 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $49.54, for a total transaction of $490,446.00. Following the transaction, the director now owns 18,866 shares of the company’s stock, valued at $934,621.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Masco news, Director Reginald M. Turner, Jr. sold 9,900 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $49.54, for a total transaction of $490,446.00. Following the transaction, the director now owns 18,866 shares of the company’s stock, valued at $934,621.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Reginald M. Turner, Jr. sold 1,100 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $46.81, for a total transaction of $51,491.00. Following the transaction, the director now directly owns 28,766 shares in the company, valued at approximately $1,346,536.46. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Masco Profile

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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.