Masco Corp (NYSE:MAS) VP Renee Straber sold 2,574 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the sale, the vice president now owns 65,423 shares of the company’s stock, valued at $2,783,748.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Masco Corp (NYSE:MAS) traded up $0.41 during midday trading on Monday, reaching $42.72. 3,848,400 shares of the company were exchanged, compared to its average volume of 2,647,778. The firm has a market cap of $13,438.23, a price-to-earnings ratio of 23.22, a PEG ratio of 1.32 and a beta of 1.59. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. Masco Corp has a 12-month low of $31.29 and a 12-month high of $43.79.
Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. analysts expect that Masco Corp will post 1.95 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. AXA lifted its position in Masco by 48.9% during the 3rd quarter. AXA now owns 156,526 shares of the construction company’s stock worth $6,106,000 after buying an additional 51,400 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in Masco during the 3rd quarter worth about $216,000. Algert Global LLC bought a new stake in Masco during the 3rd quarter worth about $1,128,000. Cetera Investment Advisers lifted its position in Masco by 16.5% during the 3rd quarter. Cetera Investment Advisers now owns 15,652 shares of the construction company’s stock worth $612,000 after buying an additional 2,220 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in Masco by 16.4% during the 3rd quarter. Independent Advisor Alliance now owns 12,912 shares of the construction company’s stock worth $503,000 after buying an additional 1,821 shares in the last quarter. 89.14% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Masco in a research report on Tuesday, September 26th. Nomura set a $45.00 target price on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Citigroup lifted their price objective on Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada lifted their price objective on Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Masco has an average rating of “Buy” and an average target price of $42.88.
Masco 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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