CWA Asset Management Group LLC Increases Position in Masco Corporation $MAS

CWA Asset Management Group LLC lifted its position in shares of Masco Corporation (NYSE:MAS) by 33.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,922 shares of the construction company’s stock after buying an additional 15,770 shares during the quarter. CWA Asset Management Group LLC’s holdings in Masco were worth $4,429,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Gateway Investment Advisers LLC lifted its position in shares of Masco by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock valued at $3,114,000 after acquiring an additional 143 shares in the last quarter. HB Wealth Management LLC boosted its stake in Masco by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock worth $355,000 after purchasing an additional 157 shares during the period. Applied Finance Capital Management LLC grew its holdings in Masco by 3.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock valued at $360,000 after buying an additional 173 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in Masco by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 6,503 shares of the construction company’s stock valued at $419,000 after buying an additional 176 shares in the last quarter. Finally, Abundance Wealth Counselors raised its position in shares of Masco by 1.0% during the second quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company’s stock valued at $1,242,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the subject of several research analyst reports. UBS Group cut their target price on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Wells Fargo & Company raised Masco from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $75.00 in a report on Monday, December 15th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Evercore ISI reduced their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $73.29.

Masco Trading Down 1.1%

MAS opened at $63.77 on Tuesday. The stock has a 50-day moving average of $63.43 and a 200 day moving average of $67.34. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The firm has a market cap of $13.24 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.60 and a beta of 1.28.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Masco’s payout ratio is 31.79%.

Masco Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.