Masco (NYSE:MAS) Reaches New 1-Year High at $50.47

Masco Corp (NYSE:MAS) hit a new 52-week high on Tuesday . The stock traded as high as $50.47 and last traded at $50.22, with a volume of 218386 shares. The stock had previously closed at $48.88.

MAS has been the topic of several recent research reports. Nomura Instinet upped their price target on Masco from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays restated a “buy” rating and set a $46.00 price target on shares of Masco in a report on Thursday, April 30th. Jefferies Financial Group raised Masco from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $40.00 in a research report on Friday, April 3rd. Nomura upped their price objective on Masco from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, KeyCorp upped their price objective on Masco from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $50.57.

The firm has a fifty day moving average price of $46.34 and a 200-day moving average price of $43.98. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 120.48. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.10 and a beta of 1.48.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Masco had a negative return on equity of 2,296.06% and a net margin of 18.13%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Masco Corp will post 2.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 9th. Masco’s payout ratio is currently 24.00%.

In other Masco news, insider Richard A. O’reagan sold 12,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $39.96, for a total value of $479,520.00. Following the transaction, the insider now directly owns 43,553 shares of the company’s stock, valued at $1,740,377.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John P. Lindow sold 1,246 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total value of $62,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,712 shares in the company, valued at $1,135,600. The disclosure for this sale can be found here. Insiders sold 18,920 shares of company stock worth $819,846 in the last quarter. 1.23% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of Masco by 234.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 16,382,228 shares of the construction company’s stock worth $566,334,000 after acquiring an additional 11,489,012 shares during the last quarter. Norges Bank purchased a new stake in shares of Masco during the fourth quarter worth about $156,765,000. Capital International Investors purchased a new stake in shares of Masco during the first quarter worth about $58,967,000. Wells Fargo & Company MN increased its position in shares of Masco by 46.8% during the first quarter. Wells Fargo & Company MN now owns 5,248,815 shares of the construction company’s stock worth $181,451,000 after acquiring an additional 1,673,026 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Masco by 296.9% during the fourth quarter. Schroder Investment Management Group now owns 1,056,569 shares of the construction company’s stock worth $50,705,000 after acquiring an additional 790,367 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

About Masco (NYSE:MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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