Masco Corp. (MAS) Now Covered by Evercore ISI
Analysts at Evercore ISI started coverage on shares of Masco Corp. (NYSE:MAS) in a report released on Monday. The brokerage set a “buy” rating on the stock.
Several other analysts have also issued reports on the stock. Jefferies Group lowered their price target on shares of Masco Corp. from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. MKM Partners raised shares of Masco Corp. from a “neutral” rating to a “buy” rating and lowered their price target for the company from $40.00 to $36.00 in a research report on Wednesday, October 26th. RBC Capital Markets reissued a “buy” rating and issued a $37.00 price target (down previously from $41.00) on shares of Masco Corp. in a research report on Wednesday, October 26th. Royal Bank Of Canada lowered their price target on shares of Masco Corp. from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Zacks Investment Research raised shares of Masco Corp. from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 4th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Masco Corp. presently has a consensus rating of “Buy” and an average price target of $35.29.
Shares of Masco Corp. (NYSE:MAS) traded down 0.38% during mid-day trading on Monday, reaching $31.81. 160,805 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $32.52 and a 200 day moving average price of $32.99. Masco Corp. has a 52-week low of $23.10 and a 52-week high of $37.38. The firm has a market cap of $10.32 billion, a P/E ratio of 22.95 and a beta of 1.59.
Masco Corp. (NYSE:MAS) last released its earnings results on Tuesday, October 25th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.03. The company earned $1.88 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Masco Corp. had a net margin of 6.40% and a return on equity of 620.95%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts forecast that Masco Corp. will post $1.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, October 14th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 12th. This represents a $0.40 annualized dividend and a yield of 1.25%. This is a boost from Masco Corp.’s previous quarterly dividend of $0.10. Masco Corp.’s dividend payout ratio is presently 28.78%.
In other Masco Corp. news, Director Lisa A. Payne sold 5,657 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $30.11, for a total transaction of $170,332.27. Following the completion of the sale, the director now owns 88,697 shares of the company’s stock, valued at approximately $2,670,666.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Masco Corp. by 2.5% in the second quarter. IFP Advisors Inc now owns 4,000 shares of the company’s stock valued at $124,000 after buying an additional 96 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Masco Corp. by 1,368.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,477 shares of the company’s stock valued at $169,000 after buying an additional 5,104 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Masco Corp. during the second quarter valued at approximately $174,000. Global X Management Co. LLC boosted its stake in Masco Corp. by 92.8% in the third quarter. Global X Management Co. LLC now owns 5,138 shares of the company’s stock valued at $176,000 after buying an additional 2,473 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Masco Corp. by 8.6% in the second quarter. Pacer Advisors Inc. now owns 6,221 shares of the company’s stock valued at $192,000 after buying an additional 495 shares in the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.
About Masco Corp.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.
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