Masco Corp (MAS) Sees Significant Growth in Short Interest

Masco Corp (NYSE:MAS) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 8,556,190 shares, an increase of 49.5% from the November 15th total of 5,723,972 shares. Based on an average trading volume of 2,158,127 shares, the short-interest ratio is presently 4.0 days. Approximately 2.7% of the shares of the company are short sold.

In other news, CFO John G. Sznewajs sold 52,511 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $42.55, for a total value of $109,523.70. Following the transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,961 shares of company stock worth $3,537,891. Corporate insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Masco in the 2nd quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC grew its holdings in Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after buying an additional 127 shares during the last quarter. Advisory Services Network LLC grew its holdings in Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after buying an additional 763 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Masco in the 2nd quarter valued at approximately $166,000. Finally, Kings Point Capital Management grew its holdings in Masco by 50.0% in the 2nd quarter. Kings Point Capital Management now owns 4,500 shares of the construction company’s stock valued at $172,000 after buying an additional 1,500 shares during the last quarter. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Masco (NYSE:MAS) traded up $0.03 during midday trading on Friday, hitting $45.76. The stock had a trading volume of 2,603,508 shares, compared to its average volume of 2,780,000. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. The firm has a market cap of $14,390.00, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. Masco has a fifty-two week low of $31.29 and a fifty-two week high of $46.01.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. analysts predict that Masco will post 1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is 24.85%.

Several research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Masco in a research note on Wednesday, November 1st. Barclays set a $45.00 target price on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and set a $46.00 target price (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Finally, Citigroup increased their price objective on Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.47.

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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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