Masco Corp (NYSE:MAS) – Stock analysts at SunTrust Banks decreased their Q4 2018 earnings per share estimates for shares of Masco in a note issued to investors on Tuesday, October 30th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.62. SunTrust Banks currently has a “Buy” rating and a $40.00 price target on the stock. SunTrust Banks also issued estimates for Masco’s Q1 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.65 EPS.
A number of other brokerages have also recently commented on MAS. TheStreet cut Masco from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Masco in a research report on Tuesday. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating in a research report on Monday, July 9th. Longbow Research cut Masco from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, Citigroup lowered their price target on Masco from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.95.
MAS traded down $0.26 on Friday, reaching $31.13. 155,948 shares of the stock were exchanged, compared to its average volume of 5,817,412. Masco has a fifty-two week low of $27.15 and a fifty-two week high of $46.44. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.10 and a current ratio of 1.71. The stock has a market cap of $9.07 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.82 and a beta of 1.39.
Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Friday, October 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, October 11th. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is currently 24.74%.
In related news, insider Joseph B. Gross sold 1,286 shares of Masco stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the completion of the transaction, the insider now owns 48,740 shares in the company, valued at approximately $1,945,213.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of Masco stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the transaction, the chief financial officer now owns 237,578 shares of the company’s stock, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in MAS. Acropolis Investment Management LLC purchased a new position in shares of Masco in the 3rd quarter valued at about $146,000. NuWave Investment Management LLC increased its stake in shares of Masco by 3,600.9% in the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after purchasing an additional 4,069 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Masco in the 3rd quarter valued at about $200,000. Capital Investment Advisors LLC purchased a new position in shares of Masco in the 2nd quarter valued at about $202,000. Finally, Atria Investments LLC purchased a new position in shares of Masco in the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 89.70% of the company’s stock.
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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