Masco (MAS) Stock Price Up 7.5%

Masco Corp (NYSE:MAS) shares rose 7.5% during trading on Tuesday . The company traded as high as $29.77 and last traded at $29.50. Approximately 7,036,722 shares traded hands during mid-day trading, an increase of 97% from the average daily volume of 3,566,104 shares. The stock had previously closed at $27.45.

MAS has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on Masco in a research note on Tuesday, October 2nd. They set a “buy” rating and a $49.00 price objective on the stock. Cfra reaffirmed a “buy” rating and set a $46.00 price objective on shares of Masco in a research note on Sunday, August 5th. Citigroup raised their price objective on Masco from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. B. Riley raised their price objective on Masco from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Masco in a research note on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.44.

The company has a debt-to-equity ratio of 23.57, a quick ratio of 1.10 and a current ratio of 1.67. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 0.74 and a beta of 1.39.



Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a return on equity of 490.27% and a net margin of 7.41%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts expect that Masco Corp will post 2.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be issued a dividend of $0.12 per share. This is a positive change from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 11th. Masco’s dividend payout ratio is currently 24.74%.

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

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in Masco by 15.4% in the second quarter. Voya Investment Management LLC now owns 3,765,150 shares of the construction company’s stock worth $140,891,000 after buying an additional 501,978 shares during the period. Iridian Asset Management LLC CT lifted its holdings in Masco by 4,126.8% in the second quarter. Iridian Asset Management LLC CT now owns 3,100,364 shares of the construction company’s stock worth $116,016,000 after buying an additional 3,027,014 shares during the period. Point72 Asset Management L.P. lifted its holdings in Masco by 147.3% in the second quarter. Point72 Asset Management L.P. now owns 2,312,287 shares of the construction company’s stock worth $86,526,000 after buying an additional 1,377,136 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Masco by 45.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,011,984 shares of the construction company’s stock worth $75,289,000 after buying an additional 626,222 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Masco by 189.4% in the second quarter. Janus Henderson Group PLC now owns 1,823,176 shares of the construction company’s stock worth $68,217,000 after buying an additional 1,193,132 shares during the period. Institutional investors own 89.70% of the company’s stock.

Masco Company Profile (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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