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.
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.
WARNING: This report was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://stocknewstimes.com/2017/12/13/renee-straber-sells-2574-shares-of-masco-corp-mas-stock.html.
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.
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.