Shares of Masco Corp (NYSE:MAS) have earned a consensus recommendation of “Buy” from the twenty-five analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.33.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Masco from a “buy” rating to a “sell” rating in a report on Wednesday, January 9th. Robert W. Baird set a $41.00 price target on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 8th. TheStreet upgraded shares of Masco from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Credit Suisse Group reiterated a “hold” rating and set a $34.00 price target on shares of Masco in a research report on Thursday, February 7th. Finally, Nomura lifted their price target on shares of Masco from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 4th.
Shares of Masco stock traded down $0.09 during trading on Wednesday, reaching $40.37. The company’s stock had a trading volume of 59,116 shares, compared to its average volume of 2,994,950. The stock has a market cap of $11.86 billion, a PE ratio of 16.16, a PEG ratio of 1.45 and a beta of 1.46. Masco has a 52 week low of $27.03 and a 52 week high of $41.76. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64.
Masco (NYSE:MAS) last announced its earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Masco had a net margin of 8.78% and a return on equity of 520.34%. Masco’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that Masco will post 2.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.19%. Masco’s dividend payout ratio (DPR) is 19.20%.
In other Masco news, CFO John G. Sznewajs sold 165,248 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $39.92, for a total value of $6,596,700.16. Following the transaction, the chief financial officer now owns 398,178 shares in the company, valued at approximately $15,895,265.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith J. Allman sold 51,283 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $39.82, for a total transaction of $2,042,089.06. Following the completion of the transaction, the insider now owns 426,072 shares in the company, valued at approximately $16,966,187.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,940 shares of company stock valued at $11,890,269. Corporate insiders own 1.17% of the company’s stock.
A number of hedge funds have recently modified their holdings of MAS. Bronfman E.L. Rothschild L.P. lifted its position in shares of Masco by 59.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of Masco by 1.8% during the fourth quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock valued at $708,000 after purchasing an additional 430 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Masco by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock valued at $27,000 after purchasing an additional 460 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Masco by 18.3% during the fourth quarter. ETF Managers Group LLC now owns 3,298 shares of the construction company’s stock valued at $96,000 after purchasing an additional 510 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Masco by 2.8% during the fourth quarter. Advisor Group Inc. now owns 25,958 shares of the construction company’s stock valued at $759,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
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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