Masco Corporation (MAS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Masco Corporation (NYSE:MAS) have received a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $40.62.
Several analysts have commented on MAS shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Masco Corporation in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a research report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Deutsche Bank AG lifted their price objective on shares of Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Masco Corporation in a research report on Wednesday, May 17th.
In other news, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at $3,480,259.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Renee Straber sold 4,452 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the sale, the vice president now directly owns 65,961 shares in the company, valued at approximately $2,544,775.38. The disclosure for this sale can be found here. In the last three months, insiders sold 114,262 shares of company stock worth $4,259,573. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Masco Corporation during the second quarter worth $101,000. YorkBridge Wealth Partners LLC raised its stake in Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the period. Pathstone Family Office LLC purchased a new stake in Masco Corporation during the first quarter worth $103,000. Trust Co. of Vermont raised its stake in Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Finally, Advisory Services Network LLC raised its stake in Masco Corporation by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after buying an additional 763 shares during the period. 89.17% of the stock is currently owned by institutional investors and hedge funds.
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Masco Corporation (MAS) traded down 0.19% on Friday, reaching $36.40. 2,001,486 shares of the company’s stock traded hands. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37. The company’s 50 day moving average is $37.99 and its 200-day moving average is $36.06. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 22.51 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities analysts expect that Masco Corporation will post $1.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, July 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, July 12th. Masco Corporation’s dividend payout ratio (DPR) is currently 24.69%.
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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