Masco Corp. Sets New 1-Year High at $23.18 (MAS)
Masco Corp. (NYSE:MAS) set a new 52-week high during trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $23.18 and last traded at $23.15, with a volume of 2,224,358 shares. The stock had previously closed at $22.69.
A number of analysts have recently weighed in on MAS shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Masco Corp. in a research note to investors on Monday, December 9th. They set a “sell” rating and a $20.50 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Masco Corp. in a research note to investors on Monday, December 9th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, analysts at MKM Partners initiated coverage on shares of Masco Corp. in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Masco Corp. currently has a consensus rating of “Hold” and a consensus target price of $23.17.
Masco Corp. has a one year low of $16.91 and a one year high of $22.94. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $20.6. The company has a market cap of $8.275 billion and a price-to-earnings ratio of 59.09.
Masco Corp. (NYSE:MAS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Friday, January 10th will be given a dividend of 0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, January 8th.
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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