ValuEngine upgraded shares of Masco (NYSE:MAS) from a sell rating to a hold rating in a research report released on Friday.
Several other research analysts have also issued reports on MAS. Bank of America set a $40.00 price target on shares of Masco and gave the stock a hold rating in a research report on Thursday, October 11th. Longbow Research lowered shares of Masco from a buy rating to a neutral rating in a research report on Friday, October 12th. Zacks Investment Research lowered shares of Masco from a hold rating to a sell rating in a research report on Tuesday, October 16th. Robert W. Baird set a $42.00 price target on shares of Masco and gave the stock a buy rating in a research report on Tuesday, October 16th. Finally, Cleveland Research reissued a hold rating on shares of Masco in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $41.65.
NYSE:MAS opened at $36.23 on Friday. Masco has a 12-month low of $27.03 and a 12-month high of $43.69. The company has a debt-to-equity ratio of 43.06, a current ratio of 1.64 and a quick ratio of 1.08. The stock has a market capitalization of $10.68 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.
Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Masco had a net margin of 8.78% and a return on equity of 520.34%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Masco will post 2.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Friday, January 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, January 10th. Masco’s payout ratio is 19.20%.
In other news, Director Richard A. Manoogian sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the completion of the sale, the director now owns 625,961 shares of the company’s stock, valued at $19,392,271.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Highland Capital Management LLC grew its stake in shares of Masco by 1.8% during the fourth quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock valued at $708,000 after purchasing an additional 430 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Masco by 18.3% during the fourth quarter. ETF Managers Group LLC now owns 3,298 shares of the construction company’s stock valued at $96,000 after purchasing an additional 510 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Masco by 2.8% during the fourth quarter. Advisor Group Inc. now owns 25,958 shares of the construction company’s stock valued at $759,000 after purchasing an additional 704 shares during the last quarter. Hills Bank & Trust Co. grew its stake in shares of Masco by 3.5% during the fourth quarter. Hills Bank & Trust Co. now owns 28,480 shares of the construction company’s stock valued at $833,000 after purchasing an additional 950 shares during the last quarter. Finally, Granite Investment Advisors LLC grew its stake in shares of Masco by 13.8% during the fourth quarter. Granite Investment Advisors LLC now owns 8,250 shares of the construction company’s stock valued at $241,000 after purchasing an additional 1,000 shares during the last quarter. 89.02% of the stock is owned by institutional investors.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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