Masco (NYSE:MAS) announced its earnings results on Thursday. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01, Bloomberg Earnings reports. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Masco updated its FY18 guidance to $2.48-2.63 EPS.
Masco (NYSE MAS) traded down $1.51 during mid-day trading on Thursday, hitting $41.18. The stock had a trading volume of 4,187,688 shares, compared to its average volume of 3,084,340. Masco has a 1-year low of $31.29 and a 1-year high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The firm has a market capitalization of $13,318.70, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio (DPR) is 25.00%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its position in shares of Masco by 56.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock worth $1,364,000 after buying an additional 12,649 shares during the period. Prudential Financial Inc. raised its position in shares of Masco by 2.3% in the 3rd quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock worth $19,396,000 after buying an additional 11,362 shares during the period. Palladium Partners LLC raised its position in shares of Masco by 1.1% in the 3rd quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock worth $11,544,000 after buying an additional 3,250 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Masco by 5.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 736,811 shares of the construction company’s stock worth $28,743,000 after buying an additional 40,248 shares during the period. Finally, Villere ST Denis J & Co. LLC purchased a new position in shares of Masco in the 3rd quarter worth $253,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 target price (up previously from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Masco from a “sell” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating on shares of Masco in a report on Wednesday, November 1st. Finally, Argus increased their target price on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.13.
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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