Masco Corp. (NYSE:MAS) – Analysts at SunTrust Banks boosted their Q1 2017 earnings per share estimates for Masco Corp. in a research report issued on Thursday. SunTrust Banks analyst K. Hughes now expects that the brokerage will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.38. SunTrust Banks also issued estimates for Masco Corp.’s Q2 2017 earnings at $0.62 EPS and FY2017 earnings at $1.88 EPS.
Masco Corp. (NYSE:MAS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Masco Corp. had a net margin of 6.12% and a return on equity of 780.00%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share.
Several other equities analysts have also recently commented on the stock. Jefferies Group reissued a “buy” rating on shares of Masco Corp. in a research note on Wednesday, July 6th. Deutsche Bank AG raised their target price on shares of Masco Corp. from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Credit Suisse Group AG reissued a “buy” rating and set a $34.00 target price on shares of Masco Corp. in a research note on Wednesday, June 29th. JPMorgan Chase & Co. raised their target price on shares of Masco Corp. from $34.50 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research cut shares of Masco Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.71.
Shares of Masco Corp. (NYSE:MAS) traded up 0.52% during trading on Friday, hitting $34.51. 1,909,732 shares of the company traded hands. The firm has a 50 day moving average price of $35.00 and a 200-day moving average price of $32.66. Masco Corp. has a one year low of $23.10 and a one year high of $37.38. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 26.20 and a beta of 1.92.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Friday, October 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. Masco Corp.’s dividend payout ratio (DPR) is presently 29.01%.
In related news, Director John C. Plant sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $36.54, for a total transaction of $255,780.00. Following the completion of the sale, the director now directly owns 19,534 shares in the company, valued at $713,772.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard A. Manoogian sold 35,244 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was 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. 1.70% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Masco Corp. by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,334 shares of the company’s stock valued at $105,000 after buying an additional 58 shares in the last quarter. IFP Advisors Inc boosted its stake in Masco Corp. by 2.5% in the second quarter. IFP Advisors Inc now owns 4,000 shares of the company’s stock valued at $124,000 after buying an additional 96 shares in the last quarter. FDx Advisors Inc. boosted its stake in Masco Corp. by 1.2% in the second quarter. FDx Advisors Inc. now owns 8,367 shares of the company’s stock valued at $259,000 after buying an additional 97 shares in the last quarter. Bollard Group LLC boosted its stake in Masco Corp. by 0.3% in the second quarter. Bollard Group LLC now owns 39,696 shares of the company’s stock valued at $1,228,000 after buying an additional 119 shares in the last quarter. Finally, ING Groep NV boosted its stake in Masco Corp. by 2.4% in the first quarter. ING Groep NV now owns 7,669 shares of the company’s stock valued at $241,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 91.63% of the company’s stock.
Masco Corp. Company Profile
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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