Masco Corporation (NYSE:MAS – Get Free Report) reached a new 52-week high during trading on Monday. The stock traded as high as $83.85 and last traded at $83.3220, with a volume of 308,428 shares changing hands. The stock had previously closed at $80.64.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on MAS shares. DA Davidson set a $82.00 target price on shares of Masco in a research note on Thursday, October 29th. Royal Bank Of Canada upped their price target on shares of Masco from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a research note on Monday, August 3rd. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, UBS Group boosted their price objective on shares of Masco from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.94.
Read Our Latest Stock Analysis on MAS
Masco Stock Performance
The company has a debt-to-equity ratio of 109.07, a current ratio of 1.83 and a quick ratio of 1.20. The stock has a 50-day moving average price of $71.64 and a 200-day moving average price of $71.01. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.85 and a beta of 1.21.
Masco (NYSE:MAS – Get Free Report) last posted its earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, analysts forecast that Masco Corporation will post 4.72 earnings per share for the current year.
Masco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 6th. Masco’s payout ratio is currently 27.71%.
Insider Buying and Selling at Masco
In other news, VP Kenneth Cole sold 34,470 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $80.64, for a total value of $2,779,660.80. Following the transaction, the vice president directly owned 39,700 shares of the company’s stock, valued at $3,201,408. This represents a 46.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MAS. Nykredit A S acquired a new position in Masco during the 2nd quarter worth approximately $2,456,000. Hsbc Holdings PLC boosted its position in Masco by 7.2% in the second quarter. Hsbc Holdings PLC now owns 369,842 shares of the construction company’s stock valued at $30,116,000 after buying an additional 24,934 shares in the last quarter. Balefire LLC acquired a new stake in Masco in the first quarter valued at approximately $1,021,000. CWA Asset Management Group LLC acquired a new stake in Masco in the third quarter valued at approximately $4,038,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Masco during the second quarter worth $13,269,000. Institutional investors and hedge funds own 93.91% of the company’s stock.
About Masco
Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.
Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.
Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.
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