Masco Corp (MAS) Director Richard A. Manoogian Sells 82,701 Shares of Stock

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.

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About Masco

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.

Insider Buying and Selling by Quarter for Masco (NYSE:MAS)

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