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.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/13/masco-corp-mas-short-interest-update.html.
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.
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.