Masco Corporation (NYSE:MAS) – Analysts at FBR & Co reduced their FY2017 earnings per share estimates for Masco Corporation in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. FBR & Co analyst A. Rygiel now forecasts that the construction company will post earnings of $1.93 per share for the year, down from their prior estimate of $1.96. FBR & Co currently has a “Buy” rating and a $46.00 target price on the stock. FBR & Co also issued estimates for Masco Corporation’s FY2018 earnings at $2.20 EPS.
Several other equities research analysts also recently issued reports on MAS. Royal Bank of Canada restated a “buy” rating and issued a $43.00 price target on shares of Masco Corporation in a report on Tuesday, July 18th. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price target on shares of Masco Corporation in a report on Wednesday, July 19th. BidaskClub downgraded Masco Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Credit Suisse Group set a $36.00 price objective on Masco Corporation and gave the stock a “hold” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.71.
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Shares of Masco Corporation (MAS) traded down $0.01 during trading on Friday, hitting $38.61. The company’s stock had a trading volume of 2,038,400 shares, compared to its average volume of 2,657,703. Masco Corporation has a 12 month low of $30.08 and a 12 month high of $41.10. The company has a market capitalization of $12,148.51, a P/E ratio of 20.99, a P/E/G ratio of 1.20 and a beta of 1.56. 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 Corporation (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veritable L.P. increased its stake in shares of Masco Corporation by 0.7% during the second quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock worth $344,000 after purchasing an additional 59 shares during the period. Stanley Laman Group Ltd. increased its stake in shares of Masco Corporation by 0.4% during the second quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after purchasing an additional 63 shares during the period. Hills Bank & Trust Co. increased its stake in shares of Masco Corporation by 0.3% during the second quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after purchasing an additional 75 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Masco Corporation by 1.6% during the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after purchasing an additional 89 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Masco Corporation by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after purchasing an additional 100 shares during the period. 89.79% of the stock is owned by institutional investors.
In other news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth G. Cole sold 2,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now directly owns 85,693 shares of the company’s stock, valued at $3,201,490.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,140 shares of company stock valued at $2,946,110. Insiders own 1.30% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 12th. Masco Corporation’s dividend payout ratio (DPR) is presently 25.00%.
About Masco Corporation
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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