Traders Buy High Volume of Masco Call Options (MAS)

Masco Corp (NYSE:MAS) was the target of unusually large options trading on Wednesday. Stock investors acquired 7,161 call options on the stock. This is an increase of approximately 1,037% compared to the average volume of 630 call options.

In other news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the firm’s 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 sale, 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. Insiders have sold a total of 88,961 shares of company stock worth $3,537,891 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Personal Capital Advisors Corp increased its holdings in shares of Masco by 16.5% in the fourth quarter. Personal Capital Advisors Corp now owns 305,771 shares of the construction company’s stock valued at $13,436,000 after purchasing an additional 43,235 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Masco by 79.6% in the fourth quarter. State of Alaska Department of Revenue now owns 47,770 shares of the construction company’s stock valued at $2,098,000 after purchasing an additional 21,170 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Masco by 31.5% in the fourth quarter. Fox Run Management L.L.C. now owns 32,214 shares of the construction company’s stock valued at $1,415,000 after purchasing an additional 7,714 shares during the period. Westpac Banking Corp increased its holdings in shares of Masco by 7.3% in the fourth quarter. Westpac Banking Corp now owns 20,060 shares of the construction company’s stock valued at $881,000 after purchasing an additional 1,364 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Masco by 10.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,142,441 shares of the construction company’s stock valued at $50,199,000 after purchasing an additional 112,433 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Masco (MAS) opened at $45.90 on Friday. The company has a market capitalization of $14,440.00, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. Masco has a 12-month low of $31.29 and a 12-month high of $46.44. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94.

Masco (NYSE:MAS) last released 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 firm 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 company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. equities analysts expect that Masco will post 1.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a $0.105 dividend. 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 payout ratio is currently 24.85%.

MAS has been the topic of several research analyst reports. Zacks Investment Research lowered Masco from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. 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 report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Finally, Royal Bank of Canada raised their target price on Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently 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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