Masco Corp (NYSE:MAS) VP Renee Straber sold 2,574 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Masco Corp (NYSE:MAS) opened at $42.42 on Tuesday. The company has a market cap of $13,438.23, a PE ratio of 23.22, a PEG ratio of 1.32 and a beta of 1.59. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. Masco Corp has a 1-year low of $31.29 and a 1-year high of $43.79.
Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. Masco’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. sell-side analysts expect that Masco Corp will post 1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, October 13th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.42 annualized dividend and a yield of 0.99%. This is a positive change from Masco’s previous quarterly dividend of $0.10. Masco’s dividend payout ratio is presently 25.00%.
Several research firms have weighed in on MAS. Barclays set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. FBR & Co restated a “buy” rating and set a $46.00 price objective (up previously from $43.00) on shares of Masco in a report on Wednesday, October 25th. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird upped their price objective on shares of Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Raymond James Financial restated a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Masco currently has a consensus rating of “Buy” and a consensus price target of $42.88.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Masco by 2.6% during the second quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after buying an additional 778,320 shares during the period. BlackRock Inc. grew its position in Masco by 9.9% during the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after buying an additional 2,763,057 shares during the period. FMR LLC grew its position in Masco by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after buying an additional 1,439,946 shares during the period. JPMorgan Chase & Co. grew its position in Masco by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after buying an additional 763,078 shares during the period. Finally, Northern Trust Corp grew its position in Masco by 31.3% during the second quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after buying an additional 1,963,938 shares during the period. Institutional investors own 89.14% of the company’s stock.
Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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