Masco Corp (NYSE:MAS) – Stock analysts at B. Riley decreased their FY2018 earnings per share estimates for Masco in a research note issued on Tuesday, October 30th. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $2.43 per share for the year, down from their prior estimate of $2.54. B. Riley currently has a “Buy” rating and a $47.00 target price on the stock. B. Riley also issued estimates for Masco’s FY2019 earnings at $2.70 EPS.
A number of other equities research analysts also recently weighed in on MAS. TheStreet downgraded Masco from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. ValuEngine raised Masco from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Cfra reissued a “buy” rating and set a $46.00 target price on shares of Masco in a research report on Sunday, August 5th. Deutsche Bank decreased their target price on Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Citigroup decreased their target price on Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Masco presently has an average rating of “Buy” and a consensus price target of $42.95.
MAS stock opened at $31.32 on Friday. Masco has a twelve month low of $27.15 and a twelve month high of $46.44. The stock has a market cap of $9.57 billion, a P/E ratio of 13.68, a PEG ratio of 0.92 and a beta of 1.56. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.10 and a current ratio of 1.71.
Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 net margin of 7.65% and a return on equity of 409.25%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share.
The firm also recently declared 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 is a boost 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 (DPR) is currently 24.74%.
In other news, insider Joseph B. Gross sold 1,286 shares of Masco stock in a transaction that occurred on Monday, August 6th. The shares were 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 $1,945,213.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John G. Sznewajs sold 96,869 shares of Masco stock in a transaction that occurred 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 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 company insiders.
Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. raised its stake in shares of Masco by 147.3% in the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock valued at $86,526,000 after acquiring an additional 1,377,136 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Masco by 15.4% in the second quarter. Voya Investment Management LLC now owns 3,765,150 shares of the construction company’s stock valued at $140,891,000 after acquiring an additional 501,978 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Masco by 3,816.2% in the second quarter. OppenheimerFunds Inc. now owns 699,626 shares of the construction company’s stock valued at $26,180,000 after acquiring an additional 681,761 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Masco in the second quarter valued at approximately $15,622,000. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Masco in the second quarter valued at approximately $8,494,000. 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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