Insider Selling: Masco Corp (MAS) Director Sells 2,084 Shares of Stock
Masco Corp (NYSE:MAS) Director J Michael Losh sold 2,084 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $34.54, for a total value of $71,981.36. Following the transaction, the director now directly owns 66,356 shares in the company, valued at $2,291,936.24. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Masco Corp (NYSE:MAS) traded down 0.49% during mid-day trading on Monday, hitting $34.49. The stock had a trading volume of 1,715,431 shares. The firm has a 50 day moving average price of $33.72 and a 200 day moving average price of $32.90. Masco Corp has a 52-week low of $29.11 and a 52-week high of $37.38. The firm has a market cap of $10.97 billion, a PE ratio of 23.46 and a beta of 1.51.
Masco Corp (NYSE:MAS) last released its earnings results on Thursday, February 9th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. The company earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Equities analysts predict that Masco Corp will post $1.87 EPS for the current year.
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Several research analysts recently issued reports on MAS shares. Barclays PLC reduced their target price on Masco Corp to $36.00 in a research report on Friday, February 10th. Goldman Sachs Group Inc lowered Masco Corp from a “conviction-buy” rating to a “buy” rating in a research report on Monday, December 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price on shares of Masco Corp in a research report on Friday. Zacks Investment Research raised Masco Corp from a “sell” rating to a “hold” rating in a research report on Monday, February 13th. Finally, Macquarie set a $40.00 target price on Masco Corp and gave the company an “outperform” rating in a research report on Friday, December 16th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Masco Corp presently has a consensus rating of “Buy” and an average price target of $37.62.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Masco Corp by 9.5% in the fourth quarter. FMR LLC now owns 18,859,880 shares of the company’s stock worth $596,351,000 after buying an additional 1,640,080 shares during the period. State Street Corp raised its position in Masco Corp by 5.3% in the fourth quarter. State Street Corp now owns 16,041,738 shares of the company’s stock worth $507,236,000 after buying an additional 808,972 shares during the period. Northern Trust Corp raised its position in Masco Corp by 4.1% in the third quarter. Northern Trust Corp now owns 6,740,369 shares of the company’s stock worth $231,262,000 after buying an additional 262,651 shares during the period. BlackRock Group LTD raised its position in Masco Corp by 5.7% in the third quarter. BlackRock Group LTD now owns 4,213,606 shares of the company’s stock worth $144,569,000 after buying an additional 228,647 shares during the period. Finally, Pioneer Investment Management Inc. bought a new position in Masco Corp during the third quarter worth about $141,100,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.
About Masco Corp
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.
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