Masco Corp (MAS) Director Sells $1,565,000.00 in Stock

Masco Corp (NYSE:MAS) Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $31.30, for a total value of $1,565,000.00. Following the completion of the transaction, the director now owns 575,961 shares in the company, valued at approximately $18,027,579.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of MAS stock traded up $0.84 during midday trading on Monday, hitting $32.53. The company had a trading volume of 4,898,369 shares, compared to its average volume of 3,667,237. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 14.35. The company has a market capitalization of $9.68 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.93 and a beta of 1.56. Masco Corp has a 52-week low of $27.15 and a 52-week high of $46.44.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. As a group, equities analysts predict that Masco Corp will post 2.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th were issued a $0.12 dividend. This is a boost from Masco’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, October 11th. Masco’s dividend payout ratio (DPR) is currently 24.74%.

A number of research firms have recently commented on MAS. Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $38.00 in a report on Monday. Citigroup dropped their price objective on Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Deutsche Bank dropped their price target on Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Argus set a $43.00 price target on Masco and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Nomura set a $40.00 price target on Masco and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.68.

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Banco de Sabadell S.A raised its holdings in Masco by 11.3% during the second quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock worth $482,000 after purchasing an additional 1,312 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Masco by 15.4% during the third quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock worth $441,000 after purchasing an additional 1,613 shares during the last quarter. Hills Bank & Trust Co. raised its holdings in Masco by 6.6% during the second quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock worth $1,008,000 after purchasing an additional 1,675 shares during the last quarter. FDx Advisors Inc. raised its holdings in Masco by 20.6% during the third quarter. FDx Advisors Inc. now owns 10,396 shares of the construction company’s stock worth $380,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its holdings in Masco by 9.2% during the third quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock worth $785,000 after purchasing an additional 1,800 shares during the last quarter. 89.27% of the stock is owned by institutional investors and hedge funds.

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About Masco

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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