Masco Corporation (MAS) VP Sells $682,231.82 in Stock
Masco Corporation (NYSE:MAS) VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total transaction of $682,231.82. Following the completion of the sale, the vice president now owns 101,681 shares in the company, valued at approximately $4,074,357.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Masco Corporation (NYSE:MAS) traded up 0.12% during mid-day trading on Friday, reaching $40.16. The company’s stock had a trading volume of 2,408,481 shares. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $41.10. The company has a 50-day moving average of $38.54 and a 200-day moving average of $37.54. The firm has a market cap of $12.67 billion, a PE ratio of 24.84 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that Masco Corporation will post $1.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Masco Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 12th. Masco Corporation’s dividend payout ratio (DPR) is presently 25.00%.
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Hedge funds have recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of Masco Corporation by 12.5% during the second quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 4,223 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Masco Corporation by 19.4% during the second quarter. State of Tennessee Treasury Department now owns 199,990 shares of the construction company’s stock valued at $7,642,000 after purchasing an additional 32,532 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Masco Corporation by 29.1% during the second quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock valued at $37,797,000 after purchasing an additional 223,177 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Masco Corporation during the second quarter valued at about $10,508,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Masco Corporation during the second quarter valued at about $2,824,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on MAS. Wells Fargo & Company downgraded shares of Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research note on Wednesday. Nomura set a $45.00 target price on shares of Masco Corporation and gave the company a “buy” rating in a research note on Wednesday. Longbow Research restated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a research note on Tuesday, July 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Masco Corporation in a research report on Wednesday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Masco Corporation in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Masco Corporation has a consensus rating of “Buy” and an average price target of $42.71.
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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