Masco Corporation (NYSE:MAS) insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now directly owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Masco Corporation (MAS) traded down 0.19% during trading on Friday, hitting $36.40. The stock had a trading volume of 2,001,486 shares. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The company has a 50-day moving average of $37.99 and a 200 day moving average of $36.06. The firm has a market cap of $11.48 billion, a P/E ratio of 22.51 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. On average, equities research analysts predict that Masco Corporation will post $1.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. Masco Corporation’s payout ratio is 24.69%.
A number of research analysts have recently weighed in on MAS shares. Royal Bank Of Canada restated a “buy” rating on shares of Masco Corporation in a report on Wednesday, April 26th. Zacks Investment Research upgraded Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 target price on the stock in a research note on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 price target (up from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Deutsche Bank AG boosted their target price on Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Robert W. Baird restated an “outperform” rating and set a $40.00 target price on shares of Masco Corporation in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Masco Corporation has a consensus rating of “Buy” and an average target price of $40.79.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware purchased a new position in shares of Masco Corporation during the second quarter worth $101,000. YorkBridge Wealth Partners LLC raised its position 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 during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Masco Corporation during the first quarter worth $103,000. Trust Co. of Vermont raised its position in shares of 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 last quarter. Finally, Advisory Services Network LLC raised its position in shares of Masco Corporation by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after buying an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 89.17% 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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