Masco Corp (NYSE:MAS) – Research analysts at SunTrust Banks reduced their FY2018 earnings per share estimates for Masco in a report issued on Tuesday, October 30th. SunTrust Banks analyst K. Hughes now expects that the construction company will earn $2.42 per share for the year, down from their prior forecast of $2.50. SunTrust Banks has a “Buy” rating and a $40.00 price target on the stock. SunTrust Banks also issued estimates for Masco’s Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.68 EPS and FY2019 earnings at $2.61 EPS.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.
A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Masco from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Deutsche Bank decreased their target price on shares of Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday. Citigroup boosted their target price on shares of Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Masco in a research note on Wednesday. Finally, Argus set a $43.00 target price on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Masco has a consensus rating of “Buy” and an average target price of $42.95.
Shares of MAS opened at $31.39 on Thursday. Masco has a one year low of $27.15 and a one year high of $46.44. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.82 and a beta of 1.39. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.10.
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 dividend of $0.12 per share. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. Masco’s dividend payout ratio is presently 24.74%.
In related news, insider Joseph B. Gross sold 1,286 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the sale, the insider now owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the company’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 directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in Masco by 15.4% during the third quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock valued at $441,000 after purchasing an additional 1,613 shares in the last quarter. Signition LP raised its stake in Masco by 41.9% during the third quarter. Signition LP now owns 10,672 shares of the construction company’s stock valued at $391,000 after purchasing an additional 3,153 shares in the last quarter. Victory Capital Management Inc. raised its stake in Masco by 119.7% during the third quarter. Victory Capital Management Inc. now owns 208,501 shares of the construction company’s stock valued at $7,631,000 after purchasing an additional 113,596 shares in the last quarter. Robecosam AG raised its stake in Masco by 12.8% during the third quarter. Robecosam AG now owns 750,367 shares of the construction company’s stock valued at $27,951,000 after purchasing an additional 85,186 shares in the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in Masco during the third quarter valued at $339,000. 89.70% of the stock is currently owned by 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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