Masco Corp (NYSE:MAS) Director Richard A. Manoogian sold 82,701 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the sale, the director now directly owns 692,102 shares in the company, valued at $29,684,254.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Masco Corp (MAS) traded up $0.26 during trading hours on Friday, hitting $42.84. The stock had a trading volume of 861,260 shares, compared to its average volume of 3,210,886. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. The firm has a market capitalization of $13,287.80, a price-to-earnings ratio of 25.92, a PEG ratio of 1.06 and a beta of 1.49. Masco Corp has a 12-month low of $32.97 and a 12-month high of $46.44.
Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. analysts forecast that Masco Corp will post 2.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, January 11th. Masco’s dividend payout ratio is presently 25.45%.
Several brokerages have commented on MAS. Credit Suisse Group reissued a “neutral” rating and issued a $46.00 price objective (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. B. Riley reissued a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Zacks Investment Research raised Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, January 3rd. Finally, Argus raised their price objective on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Masco presently has a consensus rating of “Buy” and a consensus price target of $44.07.
Several large investors have recently modified their holdings of MAS. Cubist Systematic Strategies LLC boosted its stake in Masco by 56.7% during the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock worth $1,364,000 after buying an additional 12,649 shares during the last quarter. Prudential Financial Inc. boosted its stake in Masco by 2.3% during the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock worth $19,396,000 after buying an additional 11,362 shares during the last quarter. Palladium Partners LLC boosted its stake in Masco by 1.1% during the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock worth $11,544,000 after buying an additional 3,250 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Masco by 5.8% during the third quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock worth $28,743,000 after buying an additional 40,248 shares during the last quarter. Finally, Parsons Capital Management Inc. RI acquired a new position in Masco during the fourth quarter worth $204,000. 87.79% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This piece was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/02/23/masco-corp-mas-director-richard-a-manoogian-sells-82701-shares-of-stock.html.
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.
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.