FBR & Co. Initiates Coverage on Masco Corp. (MAS)
Equities research analysts at FBR & Co. started coverage on shares of Masco Corp. (NYSE:MAS) in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm set a “market perform” rating on the stock.
In other Masco Corp. news, Director Richard Manoogian sold 300,000 shares of Masco Corp. stock on the open market in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $21.71, for a total transaction of $6,513,000.00. Following the completion of the transaction, the director now directly owns 4,102,452 shares in the company, valued at approximately $89,064,233. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Masco Corp. (NYSE:MAS) opened at 21.38 on Friday. Masco Corp. has a 52 week low of $14.06 and a 52 week high of $22.94. The stock has a 50-day moving average of $20.0 and a 200-day moving average of $20.35. The company has a market cap of $7.631 billion and a price-to-earnings ratio of 154.93.
Masco Corp. (NYSE:MAS) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Masco Corp. will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 4th. Investors of record on Friday, October 11th will be paid a dividend of $0.08 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, October 9th.
A number of other analysts have also recently weighed in on MAS. Analysts at FBR Capital Markets initiated coverage on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Friday. They set a “market perform” rating and a $24.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Thursday. They set a “hold” rating and a $24.00 price target on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Masco Corp. (NYSE:MAS) in a research note to investors on Thursday, September 19th. They set an “overweight” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Masco Corp. currently has an average rating of “Hold” and an average price target of $23.27.
Masco Corporation manufactures, distributes and installs home improvement and building products. The Company is a manufacturer of a number of home improvements and building products, including faucets, cabinets, architectural coatings and windows, and the installer of insulation for the new home construction market.
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