Renee Straber Sells 2,574 Shares of Masco Corp (MAS) Stock

Masco Corp (NYSE:MAS) VP Renee Straber sold 2,574 shares of Masco stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the transaction, the vice president now directly owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Masco Corp (MAS) opened at $42.19 on Wednesday. Masco Corp has a 1 year low of $31.29 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. The stock has a market capitalization of $13,343.86, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm posted $0.41 EPS. Masco’s revenue was up 3.1% on a year-over-year basis. equities research analysts forecast that Masco Corp will post 1.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, October 13th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, October 12th. This is a boost from Masco’s previous quarterly dividend of $0.10. Masco’s payout ratio is currently 25.00%.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Masco by 2.6% during the second quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock worth $1,192,431,000 after purchasing an additional 778,320 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Masco by 9.9% in the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after acquiring an additional 2,763,057 shares in the last quarter. FMR LLC lifted its stake in shares of Masco by 7.5% in the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after acquiring an additional 1,439,946 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Masco by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock worth $506,663,000 after acquiring an additional 763,078 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Masco by 31.3% in the second quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after acquiring an additional 1,963,938 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.

Several equities analysts recently issued reports on the company. Barclays set a $45.00 price objective on Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. FBR & Co reaffirmed a “buy” rating and set a $46.00 price objective (up from $43.00) on shares of Masco in a report on Wednesday, October 25th. Nomura set a $45.00 price objective on Masco and gave the stock a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird raised their price target on Masco from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Masco in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Masco presently has an average rating of “Buy” and an average target price of $42.88.

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Masco 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.

Insider Buying and Selling by Quarter for Masco (NYSE:MAS)

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