Masco Corp (NYSE:MAS) – Equities research analysts at Jefferies Group upped their Q2 2018 earnings estimates for shares of Masco in a research note issued on Thursday. Jefferies Group analyst P. Ng now expects that the construction company will earn $0.81 per share for the quarter, up from their prior estimate of $0.79. Jefferies Group also issued estimates for Masco’s Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.57 EPS and FY2019 earnings at $2.91 EPS.
Several other research analysts have also recently commented on MAS. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the stock a “buy” rating in a report on Friday, February 9th. Nomura set a $45.00 price target on shares of Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price target (up previously from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on shares of Masco from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Masco presently has an average rating of “Buy” and a consensus target price of $44.07.
Masco (MAS) opened at $42.76 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. Masco has a twelve month low of $32.88 and a twelve month high of $46.44. The company has a market cap of $13,513.44, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.
Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. Masco’s dividend payout ratio is presently 25.45%.
In other news, VP Renee Straber sold 2,574 shares of the business’s 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 sale, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Masco by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after buying an additional 763,078 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Masco by 12.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 9,274,700 shares of the construction company’s stock worth $407,529,000 after buying an additional 1,056,570 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Masco by 32.1% during the 4th quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock worth $237,478,000 after buying an additional 1,577,500 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Masco by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,287,133 shares of the construction company’s stock worth $144,121,000 after buying an additional 114,239 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Masco by 41.4% during 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 buying an additional 824,665 shares during the last quarter. Institutional investors and hedge funds own 88.25% 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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