Masco Corporation (NYSE:MAS) had its target price boosted by Royal Bank of Canada from $44.00 to $47.00 in a report issued on Wednesday, October 25th, MarketBeat reports. They currently have an outperform rating on the construction company’s stock.
Several other analysts also recently weighed in on the stock. Robert W. Baird reissued a buy rating and issued a $42.00 price target on shares of Masco Corporation in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Masco Corporation from a buy rating to a sell rating in a research note on Tuesday, October 3rd. Jefferies Group LLC reissued a buy rating and issued a $45.00 price target on shares of Masco Corporation in a research note on Wednesday, July 19th. Credit Suisse Group set a $36.00 price objective on shares of Masco Corporation and gave the company a hold rating in a research report on Thursday, July 27th. Finally, Barclays PLC boosted their price objective on shares of Masco Corporation from $40.00 to $42.00 and gave the company an overweight rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $42.71.
Masco Corporation (NYSE 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 price-to-earnings ratio of 20.98, a PEG ratio of 1.20 and a beta of 1.56. Masco Corporation has a 1 year low of $30.08 and a 1 year high of $41.10.
Masco Corporation (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 consensus estimate of $0.53 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. sell-side analysts anticipate 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 given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is currently 25.00%.
In other Masco Corporation news, VP John P. Lindow sold 17,026 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the sale, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares in the company, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,140 shares of company stock worth $2,946,110. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Veritable L.P. lifted its stake in shares of Masco Corporation by 0.7% in the second quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock worth $344,000 after buying an additional 59 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in shares of Masco Corporation by 0.4% in the second quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after buying an additional 63 shares in the last quarter. Hills Bank & Trust Co. lifted its stake in shares of Masco Corporation by 0.3% in the second quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after buying an additional 75 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Masco Corporation by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after buying an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Masco Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
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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