Masco Corporation (MAS) Receives Consensus Rating of “Buy” from Analysts
Masco Corporation (NYSE:MAS) has been given a consensus recommendation of “Buy” by the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.69.
A number of research firms have issued reports on MAS. Argus boosted their price target on Masco Corporation from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Citigroup Inc. boosted their price target on Masco Corporation from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Barclays PLC set a $45.00 price target on Masco Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th. FBR & Co restated a “buy” rating and set a $46.00 price target (up from $43.00) on shares of Masco Corporation in a research note on Wednesday, October 25th. Finally, Nomura set a $45.00 price target on Masco Corporation and gave the company a “buy” rating in a research note on Wednesday, October 25th.
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Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Masco Corporation’s quarterly revenue was up 3.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, October 13th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 1.05%. Masco Corporation’s payout ratio is currently 25.00%.
In other news, CFO John G. Sznewajs sold 52,511 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the sale, the vice president now directly owns 85,693 shares in the company, valued at $3,201,490.48. The disclosure for this sale can be found here. Insiders have sold a total of 93,638 shares of company stock worth $3,690,544 over the last ninety days. Insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department raised its holdings in shares of Masco Corporation by 125.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 450,617 shares of the construction company’s stock worth $17,578,000 after acquiring an additional 250,627 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Masco Corporation by 2.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 730,435 shares of the construction company’s stock worth $28,494,000 after acquiring an additional 17,112 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Masco Corporation during the 3rd quarter worth approximately $14,956,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Masco Corporation by 4.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 65,135 shares of the construction company’s stock worth $2,541,000 after acquiring an additional 2,506 shares in the last quarter. Finally, BT Investment Management Ltd raised its holdings in shares of Masco Corporation by 68.8% during the 3rd quarter. BT Investment Management Ltd now owns 39,535 shares of the construction company’s stock worth $1,542,000 after acquiring an additional 16,116 shares in the last quarter. 88.82% of the stock is currently owned by institutional investors and hedge funds.
Masco Corporation Company Profile
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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