Masco Corp (NYSE:MAS) – Research analysts at Jefferies Group boosted their Q4 2018 earnings per share (EPS) estimates for shares of Masco in a report released on Wednesday. Jefferies Group analyst P. Ng now forecasts that the construction company will earn $0.55 per share for the quarter, up from their previous estimate of $0.50.
Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the 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 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share.
MAS has been the subject of several other reports. Zacks Investment Research cut shares of Masco from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird lifted their target price on shares of Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. KeyCorp reiterated a “hold” rating on shares of Masco in a research note on Tuesday, September 26th. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada lifted their target price on shares of Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.47.
Masco (MAS) traded up $0.44 during mid-day trading on Thursday, hitting $46.27. 2,563,334 shares of the company traded hands, compared to its average volume of 2,792,658. 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 capitalization of $14,550.00, a PE ratio of 27.38, a P/E/G ratio of 1.19 and a beta of 1.58. Masco has a twelve month low of $31.29 and a twelve month high of $46.44.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 24.85%.
In other news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the transaction, the director now owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Renee Straber sold 2,574 shares of Masco stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. In the last three months, insiders sold 88,961 shares of company stock worth $3,537,891. Insiders own 1.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MAS. Fox Run Management L.L.C. increased its position in Masco by 31.5% during the fourth quarter. Fox Run Management L.L.C. now owns 32,214 shares of the construction company’s stock worth $1,415,000 after acquiring an additional 7,714 shares during the period. Westpac Banking Corp increased its position in Masco by 7.3% during the fourth quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock worth $881,000 after acquiring an additional 1,364 shares during the period. Schwab Charles Investment Management Inc. increased its position in Masco by 10.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,142,441 shares of the construction company’s stock worth $50,199,000 after acquiring an additional 112,433 shares during the period. Spirit of America Management Corp NY increased its position in Masco by 21.1% during the fourth quarter. Spirit of America Management Corp NY now owns 11,500 shares of the construction company’s stock worth $505,000 after acquiring an additional 2,000 shares during the period. Finally, National Pension Service increased its position in Masco by 2.0% during the fourth quarter. National Pension Service now owns 372,235 shares of the construction company’s stock worth $16,356,000 after acquiring an additional 7,389 shares during the period. 89.07% of the stock is currently owned by institutional investors.
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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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