Masco Corp (NYSE:MAS) – Research analysts at B. Riley increased their FY2018 earnings estimates for Masco in a research note issued on Wednesday. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $2.56 per share for the year, up from their previous forecast of $2.20. B. Riley currently has a “Buy” rating on the stock.
Several other analysts have also recently commented on MAS. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday. KeyCorp reiterated a “hold” rating on shares of Masco in a report on Tuesday, September 26th. Zacks Investment Research upgraded Masco from a “sell” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday. Nomura set a $45.00 target price on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Citigroup upped their target price on Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Masco currently has an average rating of “Buy” and a consensus target price of $43.47.
Shares of Masco (NYSE:MAS) opened at $44.46 on Friday. Masco has a twelve month low of $31.29 and a twelve month high of $44.49. The company has a market capitalization of $13,990.00, a P/E ratio of 26.31, a P/E/G ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.
Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Masco by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after buying an additional 778,320 shares during the last quarter. BlackRock Inc. raised its position in Masco by 9.9% in the 2nd quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock valued at $1,171,447,000 after buying an additional 2,763,057 shares during the last quarter. FMR LLC raised its position in Masco by 7.5% in the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after buying an additional 1,439,946 shares during the last quarter. JPMorgan Chase & Co. raised its position in Masco by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after buying an additional 763,078 shares during the last quarter. Finally, Northern Trust Corp raised its position in Masco by 31.3% in the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after buying an additional 1,963,938 shares during the last quarter. 88.93% of the stock is owned by institutional investors and hedge funds.
In related news, CFO John G. Sznewajs sold 52,511 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $38.85, for a total value of $654,622.50. Following the completion of the sale, the director now directly owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The disclosure for this sale can be found here. Insiders have sold 88,961 shares of company stock worth $3,537,891 over the last ninety days. 1.30% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, January 11th. Masco’s payout ratio is 24.85%.
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Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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