BidaskClub cut shares of Masco Corporation (NYSE:MAS) from a buy rating to a hold rating in a report released on Monday, July 24th.
Several other brokerages have also recently issued reports on MAS. Instinet reaffirmed a buy rating and set a $41.00 target price (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Robert W. Baird reaffirmed an outperform rating and set a $40.00 target price on shares of Masco Corporation in a research report on Wednesday, May 17th. Zacks Investment Research raised Masco Corporation from a sell rating to a hold rating and set a $42.00 target price on the stock in a research report on Wednesday, April 26th. Credit Suisse Group initiated coverage on Masco Corporation in a research report on Thursday, June 22nd. They set a neutral rating and a $36.00 target price on the stock. Finally, Deutsche Bank AG increased their target price on Masco Corporation from $31.00 to $35.00 and gave the company a hold rating in a research report on Friday, April 28th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $40.79.
Shares of Masco Corporation (MAS) traded down 0.76% on Monday, reaching $37.99. The company’s stock had a trading volume of 1,554,246 shares. The firm has a 50-day moving average price of $38.46 and a 200 day moving average price of $35.69. The firm has a market capitalization of $12.10 billion, a PE ratio of 23.16 and a beta of 1.56. Masco Corporation has a one year low of $29.38 and a one year high of $39.37.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. Masco Corporation’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, analysts anticipate that Masco Corporation will post $1.96 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.05%. Masco Corporation’s dividend payout ratio (DPR) is 24.69%.
In related news, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the completion of the transaction, the vice president now owns 65,961 shares in the company, valued at approximately $2,544,775.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Manoogian sold 29,989 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $36.84, for a total value of $1,104,794.76. Following the completion of the transaction, the director now owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The disclosure for this sale can be found here. Insiders sold a total of 156,104 shares of company stock valued at $5,784,106 in the last 90 days. 1.30% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MAS. YorkBridge Wealth Partners LLC boosted its position in Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the last quarter. Trust Co. of Vermont boosted its position in Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Masco Corporation during the first quarter worth about $103,000. Edmond DE Rothschild Holding S.A. boosted its position in Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the last quarter. Finally, VNBTrust National Association acquired a new position in Masco Corporation during the second quarter worth about $203,000. Institutional investors and hedge funds own 89.21% of the company’s stock.
About Masco Corporation
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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