Masco (MAS) Hits New 52-Week Low at $27.44

Masco Corp (NYSE:MAS) shares hit a new 52-week low during trading on Friday . The stock traded as low as $27.44 and last traded at $28.35, with a volume of 583479 shares. The stock had previously closed at $30.16.

Several research analysts recently commented on the stock. ValuEngine raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Cfra reaffirmed a “buy” rating and issued a $46.00 target price on shares of Masco in a research note on Sunday, August 5th. Citigroup lifted their target price on shares of Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Evercore ISI raised shares of Masco from an “in-line” rating to an “outperform” rating in a research note on Monday, October 1st. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Masco in a research note on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Masco has an average rating of “Buy” and a consensus target price of $45.44.

The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 23.57. The stock has a market cap of $8.50 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39.



Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Masco had a net margin of 7.41% and a return on equity of 490.27%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts anticipate that Masco Corp will post 2.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be given a dividend of $0.12 per share. This is an increase from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, October 11th. Masco’s payout ratio is presently 24.74%.

In other Masco news, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the transaction, the insider now directly owns 48,740 shares of the company’s stock, valued at approximately $1,945,213.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the transaction, the chief financial officer now directly owns 237,578 shares in the company, valued at $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of MAS. Acropolis Investment Management LLC purchased a new position in Masco during the 3rd quarter valued at $146,000. NuWave Investment Management LLC increased its position in Masco by 3,600.9% during the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after purchasing an additional 4,069 shares during the period. Kovack Advisors Inc. purchased a new position in Masco during the 3rd quarter valued at $200,000. Capital Investment Advisors LLC purchased a new stake in shares of Masco in the 2nd quarter worth about $202,000. Finally, Atria Investments LLC purchased a new stake in shares of Masco in the 3rd quarter worth about $207,000. 89.62% of the stock is currently owned by institutional investors and hedge funds.

About Masco (NYSE:MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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