Masco Corp (NYSE:MAS) Director Richard A. Manoogian sold 82,701 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the sale, the director now owns 692,102 shares in the company, valued at $29,684,254.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Masco Corp (NYSE:MAS) opened at $43.02 on Friday. Masco Corp has a 1 year low of $32.97 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. The company has a market capitalization of $13,530.00, a P/E ratio of 26.72, a P/E/G ratio of 1.06 and a beta of 1.49.
Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. equities analysts anticipate that Masco Corp will post 2.57 earnings per share for the current year.
The company also recently declared 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. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, January 11th. Masco’s dividend payout ratio (DPR) is presently 26.09%.
Several hedge funds have recently modified their holdings of MAS. First Personal Financial Services acquired a new position in shares of Masco during the 4th quarter valued at $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Masco during the 4th quarter valued at $114,000. Advisory Services Network LLC increased its position in shares of Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares during the period. Avestar Capital LLC acquired a new position in shares of Masco during the 4th quarter valued at $135,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after purchasing an additional 2,772 shares during the period. Institutional investors own 87.79% of the company’s stock.
MAS has been the topic of a number of research reports. B. Riley reiterated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Zacks Investment Research cut Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price target (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $46.00 price target on Masco and gave the stock a “buy” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.07.
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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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