Masco Corporation (NYSE:MAS) had its price objective boosted by Robert W. Baird from $42.00 to $44.00 in a research note issued to investors on Wednesday, October 25th. Robert W. Baird currently has an outperform rating on the construction company’s stock.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company downgraded shares of Masco Corporation from an outperform rating to a market perform rating and set a $44.00 price objective on the stock. in a research report on Wednesday, October 25th. Longbow Research reaffirmed a buy rating and issued a $42.00 price objective on shares of Masco Corporation in a research report on Tuesday, July 4th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Masco Corporation in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a buy rating and issued a $43.00 price objective on shares of Masco Corporation in a research report on Tuesday, July 18th. Finally, KeyCorp reaffirmed a hold rating on shares of Masco Corporation in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Masco Corporation presently has an average rating of Buy and an average price target of $42.71.
Masco Corporation (MAS) opened at $38.61 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The company has a market cap of $12,145.35, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. Masco Corporation has a 12-month low of $30.08 and a 12-month high of $41.10.
Masco Corporation (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. equities research analysts expect that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, October 12th. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is presently 25.00%.
In related news, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction 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 owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. In the last three months, insiders sold 74,140 shares of company stock valued at $2,946,110. 1.30% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Masco Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock worth $1,192,431,000 after buying an additional 778,320 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Masco Corporation by 9.9% during the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after buying an additional 2,763,057 shares in the last quarter. FMR LLC grew its holdings in shares of Masco Corporation by 7.5% during the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after buying an additional 1,439,946 shares in the last quarter. Boston Partners grew its holdings in shares of Masco Corporation by 53.1% during the second quarter. Boston Partners now owns 13,602,650 shares of the construction company’s stock worth $519,757,000 after buying an additional 4,714,941 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Masco Corporation by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after buying an additional 763,078 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.
Masco Corporation 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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