Masco Corporation (NYSE:MAS – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Monday, August 24th will be given a dividend of 0.32 per share by the construction company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th.
Masco has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 12 years. Masco has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Masco to earn $4.63 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.6%.
Masco Stock Down 2.1%
Shares of MAS stock traded down $1.61 on Wednesday, hitting $74.53. The stock had a trading volume of 1,969,272 shares, compared to its average volume of 2,734,010. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.89 and a beta of 1.30. The stock’s 50 day moving average is $76.33 and its 200-day moving average is $70.66. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. Masco has a 52-week low of $58.16 and a 52-week high of $83.64.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on MAS. Barclays dropped their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a report on Monday, August 3rd. Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a report on Thursday, July 30th. Robert W. Baird upped their target price on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company increased their target price on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.87.
View Our Latest Research Report on MAS
About Masco
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.
The company’s product offerings are organized into two primary segments.
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