Argus set a $43.00 price target on Masco (NYSE:MAS) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the construction company’s stock.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group initiated coverage on Masco in a report on Tuesday, October 2nd. They set a buy rating and a $49.00 target price on the stock. Cfra reaffirmed a buy rating and set a $46.00 target price on shares of Masco in a report on Sunday, August 5th. Citigroup increased their price target on Masco from $44.00 to $45.00 and gave the stock a buy rating in a research report on Monday, July 23rd. B. Riley increased their price target on Masco from $46.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, August 1st. Finally, Wells Fargo & Co reiterated a buy rating on shares of Masco in a research report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Masco presently has a consensus rating of Buy and a consensus target price of $42.95.
NYSE:MAS traded down $0.07 during trading hours on Wednesday, reaching $31.32. 6,507,404 shares of the stock were exchanged, compared to its average volume of 5,900,506. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. Masco has a 52 week low of $27.15 and a 52 week high of $46.44. The company has a market cap of $9.16 billion, a PE ratio of 16.14, a P/E/G ratio of 0.83 and a beta of 1.56.
Masco (NYSE:MAS) last released its earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Masco had a return on equity of 409.25% and a net margin of 7.65%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Masco will post 2.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Friday, October 12th will be given a $0.12 dividend. This is a boost from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is currently 24.74%.
In related news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $39.91, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 237,578 shares in the company, valued at $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acropolis Investment Management LLC acquired a new stake in Masco in the 3rd quarter valued at approximately $146,000. NuWave Investment Management LLC increased its position in 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 acquiring an additional 4,069 shares during the period. Kovack Advisors Inc. acquired a new stake in Masco in the 3rd quarter valued at approximately $200,000. Capital Investment Advisors LLC acquired a new stake in Masco in the 2nd quarter valued at approximately $202,000. Finally, Atria Investments LLC acquired a new stake in Masco in the 3rd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 89.70% of the company’s stock.
Masco Company Profile
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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