WCM Investment Management LLC Boosts Stake in Masco Co. (NYSE:MAS)

WCM Investment Management LLC grew its stake in Masco Co. (NYSE:MAS) by 0.3% during the third quarter, HoldingsChannel reports. The fund owned 44,940 shares of the construction company’s stock after acquiring an additional 132 shares during the quarter. WCM Investment Management LLC’s holdings in Masco were worth $3,756,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after acquiring an additional 128 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Masco by 3.6% during the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares in the last quarter. American National Bank & Trust lifted its holdings in shares of Masco by 1.0% during the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 142 shares during the last quarter. Hills Bank & Trust Co boosted its position in shares of Masco by 0.7% in the 3rd quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 144 shares in the last quarter. Finally, BOKF NA boosted its position in shares of Masco by 2.5% in the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after purchasing an additional 149 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 0.2 %

NYSE MAS opened at $80.77 on Tuesday. The company has a market cap of $17.43 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.62 and a beta of 1.24. Masco Co. has a one year low of $55.43 and a one year high of $86.70. The business has a fifty day moving average price of $81.76 and a 200 day moving average price of $74.96. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. Masco’s dividend payout ratio is currently 30.85%.

Insider Transactions at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MAS. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their target price on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Jefferies Financial Group boosted their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays raised their price target on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Loop Capital raised their target price on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Masco presently has an average rating of “Moderate Buy” and a consensus price target of $85.96.

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.