JPMorgan Chase & Co. lowered shares of Masco (NYSE:MAS) from an overweight rating to a neutral rating in a research note published on Friday, January 5th, Marketbeat Ratings reports.
A number of other equities analysts have also issued reports on the company. Robert W. Baird raised their target price on Masco from $42.00 to $44.00 and gave the stock an outperform rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Masco from a buy rating to a sell rating in a research report on Tuesday, October 3rd. Raymond James Financial reaffirmed a market perform rating on shares of Masco in a research report on Wednesday, October 25th. FBR & Co reaffirmed a buy rating and set a $46.00 price target (up from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Finally, Barclays set a $45.00 price target on Masco and gave the stock a buy rating in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Masco presently has an average rating of Buy and a consensus price target of $43.47.
Shares of Masco (MAS) traded up $0.03 on Friday, hitting $45.76. The stock had a trading volume of 2,603,500 shares, compared to its average volume of 2,825,433. Masco has a 12-month low of $31.29 and a 12-month high of $46.01. 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 stock has a market cap of $14,390.00, a price-to-earnings ratio of 27.08, a PEG ratio of 1.20 and a beta of 1.58.
Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. research analysts forecast that Masco will post 1.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be given 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 (DPR) is presently 24.85%.
In related news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the sale, the director now directly owns 47,909 shares in the company, valued at approximately $1,861,264.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Renee Straber sold 2,574 shares of Masco stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the sale, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The disclosure for this sale can be found here. Insiders have sold a total of 88,961 shares of company stock worth $3,537,891 over the last 90 days. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MAS. AJO LP boosted its holdings in Masco by 1,209.7% in the 2nd quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock worth $120,957,000 after buying an additional 2,923,889 shares during the last quarter. BlackRock Inc. boosted its holdings in Masco by 9.9% in the 2nd 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 during the last quarter. Northern Trust Corp boosted its holdings in Masco by 31.3% in the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after buying an additional 1,963,938 shares during the last quarter. FMR LLC boosted its holdings in Masco by 7.5% in the 2nd 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 during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Masco by 41.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock worth $109,791,000 after purchasing an additional 824,665 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.
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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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