Insider Selling: Masco Corporation (MAS) Insider Sells 19,498 Shares of Stock
Masco Corporation (NYSE:MAS) insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total transaction of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Masco Corporation (NYSE MAS) traded down 0.29% during trading on Monday, hitting $38.22. 907,218 shares of the company’s stock were exchanged. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 23.64 and a beta of 1.56. The firm has a 50 day moving average price of $38.46 and a 200 day moving average price of $35.69. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. On average, equities research analysts predict that Masco Corporation will post $1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, July 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, July 12th. Masco Corporation’s dividend payout ratio is presently 24.69%.
A number of research firms recently weighed in on MAS. Royal Bank Of Canada lifted their price objective on shares of Masco Corporation from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Nomura started coverage on shares of Masco Corporation in a report on Wednesday, April 12th. They issued a “buy” rating and a $39.00 price target for the company. BidaskClub raised shares of Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Instinet reissued a “buy” rating on shares of Masco Corporation in a report on Friday, April 14th. Finally, Zacks Investment Research downgraded shares of Masco Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Masco Corporation presently has a consensus rating of “Buy” and an average target price of $40.79.
A number of hedge funds and other institutional investors have recently bought and sold shares of MAS. Meiji Yasuda Asset Management Co Ltd. increased its position in Masco Corporation by 1.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,545 shares of the construction company’s stock worth $709,000 after buying an additional 230 shares during the period. Stanley Laman Group Ltd. increased its position in Masco Corporation by 0.4% in the second quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after buying an additional 63 shares during the period. Aviva PLC increased its position in Masco Corporation by 0.7% in the second quarter. Aviva PLC now owns 201,284 shares of the construction company’s stock worth $7,693,000 after buying an additional 1,480 shares during the period. Victory Capital Management Inc. increased its position in Masco Corporation by 1,162.9% in the second quarter. Victory Capital Management Inc. now owns 498,409 shares of the construction company’s stock worth $19,044,000 after buying an additional 458,945 shares during the period. Finally, MAI Capital Management increased its position in Masco Corporation by 2.2% in the second quarter. MAI Capital Management now owns 22,838 shares of the construction company’s stock worth $873,000 after buying an additional 483 shares during the period. 89.90% of the stock is currently owned by institutional investors.
About Masco Corporation
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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