Masco Corporation (NYSE:MAS) CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the completion of the sale, the chief financial officer now owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Masco Corporation (MAS) opened at 40.16 on Monday. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $41.10. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 24.84 and a beta of 1.54. The stock has a 50 day moving average of $38.72 and a 200-day moving average of $37.61.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts expect that Masco Corporation will post $1.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, October 12th. This is a positive change 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 dividend payout ratio is currently 25.00%.
Several analysts recently commented on MAS shares. MKM Partners reiterated a “buy” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Masco Corporation in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 18th. Longbow Research reiterated a “buy” rating and issued a $42.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Masco Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, July 21st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Masco Corporation in a research note on Wednesday, July 19th. One equities research 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. The company presently has an average rating of “Buy” and an average price target of $42.71.
Hedge funds have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Masco Corporation in the second quarter worth approximately $101,000. YorkBridge Wealth Partners LLC lifted its position in shares of Masco Corporation by 4.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock worth $110,000 after purchasing an additional 127 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after purchasing an additional 125 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Masco Corporation by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in shares of Masco Corporation in the second quarter worth approximately $166,000. 88.82% of the stock is owned by institutional investors.
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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