Masco (NYSE:MAS) Shares Gap Up to $39.64

Masco Corp (NYSE:MAS)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $38.51, but opened at $39.64. Masco shares last traded at $40.92, with a volume of 5,138,432 shares traded.

Several analysts have weighed in on the stock. Robert W. Baird set a $48.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Friday, July 26th. Zelman & Associates raised shares of Masco from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Bank of America reissued a “buy” rating and set a $56.00 target price (up previously from $43.00) on shares of Masco in a research report on Monday, May 6th. TheStreet downgraded shares of Masco from a “b” rating to a “c+” rating in a research report on Friday, July 26th. Finally, Barclays set a $45.00 target price on shares of Masco and gave the stock a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.27.

The company has a debt-to-equity ratio of 39.03, a quick ratio of 0.96 and a current ratio of 1.46. The firm’s 50 day simple moving average is $39.33 and its 200 day simple moving average is $38.62. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.66 and a beta of 1.44.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Masco had a net margin of 8.77% and a return on equity of 792.80%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Masco Corp will post 2.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, July 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, July 11th. Masco’s payout ratio is 19.20%.

In other Masco news, CFO John G. Sznewajs sold 85,473 shares of Masco stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $40.88, for a total transaction of $3,494,136.24. Following the completion of the sale, the chief financial officer now directly owns 318,403 shares in the company, valued at approximately $13,016,314.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rational Advisors LLC lifted its stake in Masco by 111.6% during the 2nd quarter. Rational Advisors LLC now owns 658 shares of the construction company’s stock valued at $26,000 after acquiring an additional 347 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Masco by 94.5% in the 2nd quarter. Johnson Financial Group Inc. now owns 706 shares of the construction company’s stock valued at $27,000 after purchasing an additional 343 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Masco in the 1st quarter valued at $29,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Masco in the 2nd quarter valued at $30,000. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Masco in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 90.71% of the company’s stock.

Masco Company Profile (NYSE:MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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