Masco Corp (NYSE:MAS) has received an average recommendation of “Buy” from the twenty research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.76.

A number of brokerages have commented on MAS. Royal Bank of Canada reissued a “buy” rating and issued a $43.00 price objective on shares of Masco Corp in a research note on Wednesday. Zacks Investment Research raised shares of Masco Corp from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research note on Wednesday, April 26th. Nomura began coverage on shares of Masco Corp in a research note on Wednesday, April 12th. They issued a “buy” rating and a $39.00 price objective for the company. Instinet reissued a “buy” rating on shares of Masco Corp in a research note on Friday, April 14th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $40.00 price objective on shares of Masco Corp in a research note on Wednesday, May 17th.

Masco Corp (NYSE MAS) traded up 1.20% during mid-day trading on Friday, reaching $37.87. 722,124 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $36.33 and a 200-day moving average price of $33.80. The stock has a market capitalization of $11.97 billion, a PE ratio of 23.97 and a beta of 1.51. Masco Corp has a 12-month low of $29.11 and a 12-month high of $37.91.

Masco Corp (NYSE:MAS) last posted its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. Masco Corp’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. Equities research analysts expect that Masco Corp will post $1.96 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Monday, April 17th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, April 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.07%. Masco Corp’s dividend payout ratio is presently 27.21%.

In related news, Director Richard A. Manoogian sold 29,989 shares of Masco Corp stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $36.84, for a total transaction of $1,104,794.76. Following the completion of the transaction, the director now directly owns 622,281 shares of the company’s stock, valued at approximately $22,924,832.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard A. Manoogian sold 60,323 shares of Masco Corp stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $37.11, for a total transaction of $2,238,586.53. Following the transaction, the director now directly owns 622,281 shares of the company’s stock, valued at $23,092,847.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,496 shares of company stock valued at $7,289,544. 1.70% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. First Midwest Bank Trust Division boosted its position in Masco Corp by 57.4% in the third quarter. First Midwest Bank Trust Division now owns 73,632 shares of the construction company’s stock worth $2,526,000 after buying an additional 26,847 shares in the last quarter. NBW Capital LLC purchased a new position in Masco Corp during the third quarter worth approximately $3,210,000. Palladium Partners LLC boosted its position in Masco Corp by 14.5% in the third quarter. Palladium Partners LLC now owns 279,420 shares of the construction company’s stock worth $9,587,000 after buying an additional 35,280 shares in the last quarter. Marietta Investment Partners LLC purchased a new position in Masco Corp during the third quarter worth approximately $6,432,000. Finally, DE Burlo Group Inc. boosted its position in Masco Corp by 12.5% in the third quarter. DE Burlo Group Inc. now owns 159,900 shares of the construction company’s stock worth $5,486,000 after buying an additional 17,800 shares in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

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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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