Several other brokerages have also issued reports on MAS. FBR & Co initiated coverage on Masco Corp. in a report on Wednesday, June 1st. They set a buy rating on the stock. Macquarie raised Masco Corp. from a neutral rating to an outperform rating in a report on Wednesday, June 1st. TheStreet lowered Masco Corp. from a buy rating to a hold rating in a report on Friday, June 10th. Zacks Investment Research lowered Masco Corp. from a buy rating to a hold rating in a report on Tuesday, June 28th. Finally, Credit Suisse Group AG reaffirmed a buy rating and set a $34.00 price objective on shares of Masco Corp. in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Masco Corp. has a consensus rating of Buy and an average price target of $35.71.
Masco Corp. (NYSE:MAS) opened at 34.55 on Friday. The company has a 50-day moving average price of $34.78 and a 200-day moving average price of $32.83. Masco Corp. has a 12-month low of $23.10 and a 12-month high of $37.38. The firm has a market cap of $11.27 billion, a PE ratio of 26.23 and a beta of 1.92.
Masco Corp. (NYSE:MAS) last posted its earnings results on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Masco Corp. had a return on equity of 780.00% and a net margin of 6.12%. Masco Corp.’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, equities analysts predict that Masco Corp. will post $1.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Friday, October 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Masco Corp.’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, October 12th. Masco Corp.’s dividend payout ratio (DPR) is presently 29.01%.
In other news, Director Richard A. Manoogian sold 44,008 shares of Masco Corp. stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $36.68, for a total transaction of $1,614,213.44. Following the completion of the sale, the director now directly owns 818,711 shares in the company, valued at approximately $30,030,319.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard A. Manoogian sold 35,244 shares of Masco Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $36.30, for a total transaction of $1,279,357.20. Following the sale, the director now owns 765,739 shares of the company’s stock, valued at $27,796,325.70. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Anchor Bolt Capital LP acquired a new position in shares of Masco Corp. during the first quarter worth $47,731,000. Hermes Investment Management Ltd. boosted its position in shares of Masco Corp. by 0.8% in the second quarter. Hermes Investment Management Ltd. now owns 640,346 shares of the company’s stock worth $19,812,000 after buying an additional 5,200 shares during the period. Geode Capital Management LLC boosted its position in shares of Masco Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 2,635,785 shares of the company’s stock worth $82,720,000 after buying an additional 19,254 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of Masco Corp. during the first quarter worth $1,625,000. Finally, Capital Fund Management S.A. boosted its position in shares of Masco Corp. by 3,980.9% in the second quarter. Capital Fund Management S.A. now owns 1,062,175 shares of the company’s stock worth $32,864,000 after buying an additional 1,036,147 shares during the period. Institutional investors own 91.63% of the company’s stock.
About Masco Corp.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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