Masco Corporation (NYSE:MAS) had its price objective lifted by Robert W. Baird from $42.00 to $44.00 in a research report sent to investors on Wednesday, October 25th. They currently have an outperform rating on the construction company’s stock.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Masco Corporation from a buy rating to a sell rating in a report on Tuesday, October 3rd. Jefferies Group LLC restated a buy rating and issued a $45.00 price target on shares of Masco Corporation in a research report on Wednesday, July 19th. Credit Suisse Group set a $36.00 price target on Masco Corporation and gave the company a hold rating in a research report on Thursday, July 27th. Barclays PLC boosted their price target on Masco Corporation from $40.00 to $42.00 and gave the stock an overweight rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated a buy rating and set a $43.00 price objective on shares of Masco Corporation in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $42.71.
Masco Corporation (NYSE MAS) opened at $38.61 on Wednesday. The stock has a market capitalization of $12,148.51, a PE ratio of 20.99, a P/E/G ratio of 1.20 and a beta of 1.56. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. Masco Corporation has a 1 year low of $30.08 and a 1 year high of $41.10.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts predict that Masco Corporation will post 1.95 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be paid a $0.105 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is currently 25.00%.
In other news, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the sale, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the transaction, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The disclosure for this sale can be found here. Insiders have sold a total of 74,140 shares of company stock worth $2,946,110 over the last ninety days. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its stake in shares of Masco Corporation by 1.5% during the first quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock valued at $908,000 after purchasing an additional 404 shares during the period. Teachers Advisors LLC raised its holdings in shares of Masco Corporation by 5.7% during the first quarter. Teachers Advisors LLC now owns 2,082,848 shares of the construction company’s stock valued at $70,796,000 after acquiring an additional 112,667 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Masco Corporation in the first quarter worth $256,000. Dimensional Fund Advisors LP increased its holdings in shares of Masco Corporation by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock valued at $30,947,000 after acquiring an additional 9,759 shares in the last quarter. Finally, KCG Holdings Inc. increased its holdings in shares of Masco Corporation by 89.5% during the first quarter. KCG Holdings Inc. now owns 25,825 shares of the construction company’s stock valued at $878,000 after acquiring an additional 12,194 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.
Masco Corporation Company Profile
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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