Masco Corp (NYSE:MAS) – Research analysts at B. Riley lowered their Q4 2018 earnings per share (EPS) estimates for shares of Masco in a note issued to investors on Tuesday, October 30th. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.64. B. Riley has a “Buy” rating and a $47.00 price objective on the stock.
MAS has been the topic of a number of other reports. Wells Fargo & Co reissued a “buy” rating on shares of Masco in a research note on Tuesday, July 31st. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 price objective on shares of Masco in a research note on Wednesday. Credit Suisse Group decreased their price objective on shares of Masco from $35.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Longbow Research cut shares of Masco from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Masco has a consensus rating of “Buy” and a consensus target price of $42.95.
Shares of NYSE:MAS opened at $31.39 on Thursday. The company has a market capitalization of $9.07 billion, a P/E ratio of 16.18, a PEG ratio of 0.82 and a beta of 1.39. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 14.35. Masco has a 1 year low of $27.15 and a 1 year high of $46.44.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Masco had a net margin of 7.65% and a return on equity of 409.25%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, October 11th. This is a boost from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is presently 24.74%.
In other Masco news, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the sale, the chief financial officer now owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $39.91, for a total transaction of $51,324.26. Following the sale, the insider now directly owns 48,740 shares in the company, valued at approximately $1,945,213.40. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. grew its stake in shares of Masco by 147.3% during the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock worth $86,526,000 after buying an additional 1,377,136 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Masco by 15.4% during the second quarter. Voya Investment Management LLC now owns 3,765,150 shares of the construction company’s stock worth $140,891,000 after buying an additional 501,978 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Masco by 3,816.2% during the second quarter. OppenheimerFunds Inc. now owns 699,626 shares of the construction company’s stock worth $26,180,000 after buying an additional 681,761 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Masco by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 921,938 shares of the construction company’s stock worth $37,283,000 after buying an additional 6,809 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Masco during the second quarter worth $15,622,000. 89.70% of the stock is currently owned by hedge funds and other institutional investors.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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