Shares of Masco Corp (NYSE:MAS) have been given an average rating of “Buy” by the twenty-four research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $41.81.
A number of analysts recently issued reports on the company. Evercore ISI raised Masco from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Bank of America set a $40.00 target price on Masco and gave the company a “hold” rating in a research report on Thursday, October 11th. Cleveland Research reissued a “hold” rating on shares of Masco in a research report on Monday, October 22nd. Finally, Royal Bank of Canada set a $37.00 target price on Masco and gave the company a “hold” rating in a research report on Monday, November 19th.
Shares of NYSE:MAS traded down $0.60 on Thursday, hitting $29.34. 3,703,408 shares of the company’s stock were exchanged, compared to its average volume of 3,817,085. The stock has a market cap of $9.20 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.88 and a beta of 1.56. Masco has a 1-year low of $27.15 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 14.35, a quick ratio of 1.13 and a current ratio of 1.71.
Masco (NYSE:MAS) last released its quarterly earnings data 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 for 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 company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities research analysts predict that Masco will post 2.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 11th. This is an increase from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.64%. Masco’s dividend payout ratio is currently 24.74%.
In other news, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $31.24, for a total transaction of $1,562,000.00. Following the completion of the transaction, the director now directly owns 625,961 shares of the company’s stock, valued at approximately $19,555,021.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard A. Manoogian sold 100,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $30.98, for a total value of $3,098,000.00. Following the transaction, the director now directly owns 625,961 shares of the company’s stock, valued at $19,392,271.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,900 shares of company stock valued at $6,631,092. 1.20% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP raised its stake in shares of Masco by 452.6% during the 3rd quarter. Marshall Wace LLP now owns 616,408 shares of the construction company’s stock worth $22,561,000 after buying an additional 504,868 shares in the last quarter. Morgan Stanley raised its stake in shares of Masco by 100.7% during the 3rd quarter. Morgan Stanley now owns 1,634,167 shares of the construction company’s stock worth $59,809,000 after buying an additional 820,106 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Masco by 4.2% during the 3rd quarter. Legal & General Group Plc now owns 1,623,395 shares of the construction company’s stock worth $59,471,000 after buying an additional 66,145 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Masco by 3.3% during the 3rd quarter. Nordea Investment Management AB now owns 996,725 shares of the construction company’s stock worth $36,478,000 after buying an additional 31,466 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Masco by 57.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 21,638 shares of the construction company’s stock worth $792,000 after buying an additional 7,929 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.
Masco Company Profile
Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.
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