MKM Partners reissued their buy rating on shares of Masco Corporation (NYSE:MAS) in a research report released on Tuesday, August 1st. MKM Partners currently has a $44.00 price target on the construction company’s stock, up from their previous price target of $43.00.
A number of other equities research analysts have also recently commented on MAS. Longbow Research raised shares of Masco Corporation from a neutral rating to a buy rating and set a $42.00 target price for the company in a research report on Thursday, April 6th. Nomura started coverage on shares of Masco Corporation in a research report on Wednesday, April 12th. They set a buy rating and a $39.00 target price for the company. Zacks Investment Research lowered shares of Masco Corporation from a hold rating to a sell rating in a research note on Wednesday, April 12th. Instinet restated a buy rating on shares of Masco Corporation in a research note on Friday, April 14th. Finally, Royal Bank Of Canada restated a buy rating on shares of Masco Corporation in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Masco Corporation presently has a consensus rating of Buy and a consensus target price of $40.79.
Masco Corporation (MAS) traded up 0.66% during midday trading on Tuesday, hitting $36.69. The company had a trading volume of 1,241,341 shares. The firm has a market capitalization of $11.57 billion, a P/E ratio of 22.69 and a beta of 1.56. Masco Corporation has a 52 week low of $29.38 and a 52 week high of $39.37. The firm’s 50 day moving average is $38.21 and its 200-day moving average is $35.93.
Masco Corporation (NYSE:MAS) last posted its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. Masco Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Masco Corporation will post $1.97 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation’s dividend payout ratio is currently 24.69%.
In related news, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.18, for a total transaction of $744,433.64. Following the completion of the sale, the insider now directly owns 91,154 shares in the company, valued at $3,480,259.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Renee Straber sold 4,452 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the sale, the vice president now owns 65,961 shares of the company’s stock, valued at $2,544,775.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,602 shares of company stock worth $6,528,540. Insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Kentucky Retirement Systems bought a new stake in shares of Masco Corporation during the fourth quarter worth $753,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Masco Corporation during the fourth quarter worth $336,000. Highbridge Capital Management LLC bought a new stake in shares of Masco Corporation during the fourth quarter worth $402,000. Renaissance Investment Group LLC boosted its position in shares of Masco Corporation by 0.8% in the first quarter. Renaissance Investment Group LLC now owns 153,202 shares of the construction company’s stock worth $5,207,000 after buying an additional 1,150 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Masco Corporation by 0.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 280,341 shares of the construction company’s stock worth $9,528,000 after buying an additional 1,591 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.
About Masco Corporation
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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