Traders Purchase High Volume of Put Options on Masco (MAS)

Masco Corp (NYSE:MAS) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 20,082 put options on the company. This is an increase of 2,085% compared to the average daily volume of 919 put options.

In other Masco news, VP Kenneth G. Cole sold 23,161 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $40.03, for a total transaction of $927,134.83. Following the sale, the vice president now directly owns 96,843 shares in the company, valued at approximately $3,876,625.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John P. Lindow sold 37,795 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $39.07, for a total transaction of $1,476,650.65. Following the sale, the vice president now owns 60,454 shares in the company, valued at $2,361,937.78. The disclosure for this sale can be found here. Insiders have sold a total of 298,940 shares of company stock valued at $11,890,269 over the last three months. 1.17% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P purchased a new position in shares of Masco in the first quarter worth approximately $2,167,000. Barings LLC purchased a new position in shares of Masco in the first quarter worth approximately $1,868,000. Penserra Capital Management LLC purchased a new position in shares of Masco in the first quarter worth approximately $29,000. Great West Life Assurance Co. Can increased its position in shares of Masco by 0.7% in the first quarter. Great West Life Assurance Co. Can now owns 190,287 shares of the construction company’s stock worth $7,464,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Dean Investment Associates LLC increased its position in shares of Masco by 44.6% in the first quarter. Dean Investment Associates LLC now owns 23,372 shares of the construction company’s stock worth $919,000 after acquiring an additional 7,206 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

NYSE MAS opened at $38.28 on Thursday. The company has a debt-to-equity ratio of 65.98, a quick ratio of 0.91 and a current ratio of 1.43. Masco has a 12 month low of $27.03 and a 12 month high of $41.00. The company has a market capitalization of $11.87 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.43.

Masco (NYSE:MAS) last released its earnings results on Thursday, April 25th. The construction company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that Masco will post 2.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, April 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, April 11th. Masco’s dividend payout ratio (DPR) is currently 19.20%.

MAS has been the topic of a number of recent analyst reports. Robert W. Baird set a $41.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group restated a “hold” rating and set a $34.00 price target on shares of Masco in a research report on Thursday, February 7th. SunTrust Banks boosted their price target on shares of Masco to $52.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, Royal Bank of Canada set a $39.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Masco currently has an average rating of “Buy” and an average target price of $44.33.

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Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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