Masco Corporation (NYSE:MAS) – Stock analysts at FBR & Co upped their Q3 2017 earnings estimates for Masco Corporation in a research note issued on Thursday. FBR & Co analyst A. Rygiel now expects that the construction company will post earnings per share of $0.53 for the quarter, up from their prior forecast of $0.51. FBR & Co also issued estimates for Masco Corporation’s FY2017 earnings at $1.96 EPS and FY2018 earnings at $2.21 EPS.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $0.46 earnings per share. Masco Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis.
A number of other analysts have also recently weighed in on the company. Barclays PLC increased their price objective on Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday. Credit Suisse Group set a $36.00 price objective on Masco Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Instinet reaffirmed a “buy” rating and set a $41.00 price objective (up from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Masco Corporation in a research report on Wednesday, May 17th. Finally, Zacks Investment Research raised Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $40.71.
Masco Corporation (NYSE:MAS) opened at 38.13 on Monday. Masco Corporation has a one year low of $29.38 and a one year high of $39.37. The firm has a 50-day moving average price of $38.43 and a 200-day moving average price of $35.65. The firm has a market capitalization of $12.03 billion, a P/E ratio of 23.58 and a beta of 1.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation’s dividend payout ratio is currently 24.69%.
In other news, VP Renee Straber sold 4,452 shares of Masco Corporation stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the completion of the sale, the vice president now owns 65,961 shares of the company’s stock, valued at $2,544,775.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 3,880 shares of Masco Corporation stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $36.68, for a total value of $142,318.40. Following the completion of the sale, the director now directly owns 68,306 shares of the company’s stock, valued at approximately $2,505,464.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,984 shares of company stock valued at $5,926,424. Company insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC increased its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in Masco Corporation during the first quarter worth about $103,000. Trust Co. of Vermont increased its stake in Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in Masco Corporation during the first quarter worth about $202,000. 89.21% of the stock is owned by institutional investors and hedge funds.
Masco Corporation 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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