Insider Selling: Masco Corp (MAS) Director Sells 2,084 Shares of Stock
Masco Corp (NYSE:MAS) Director J Michael Losh sold 2,084 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $34.54, for a total value of $71,981.36. Following the completion of the transaction, the director now directly owns 66,356 shares in the company, valued at $2,291,936.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Masco Corp (NYSE:MAS) traded down 0.49% on Monday, hitting $34.49. The stock had a trading volume of 1,715,431 shares. The company has a 50 day moving average price of $33.72 and a 200-day moving average price of $32.90. Masco Corp has a 52-week low of $29.11 and a 52-week high of $37.38. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 23.46 and a beta of 1.51.
Masco Corp (NYSE:MAS) last announced its earnings results on Thursday, February 9th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Masco Corp will post $1.87 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Masco Corp during the third quarter valued at about $164,000. Global X Management Co. LLC raised its position in shares of 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. Dearborn Partners LLC acquired a new position in shares of Masco Corp during the third quarter valued at about $201,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Masco Corp by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the company’s stock valued at $206,000 after buying an additional 176 shares in the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Masco Corp during the third quarter valued at about $223,000. 88.65% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on MAS shares. Zacks Investment Research raised Masco Corp from a “sell” rating to a “hold” rating in a research report on Monday, January 9th. Goldman Sachs Group Inc cut Masco Corp from a “conviction-buy” rating to a “buy” rating in a research report on Monday, December 12th. Barclays PLC started coverage on Masco Corp in a research report on Thursday, January 5th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 target price on shares of Masco Corp in a research report on Friday. Finally, Macquarie set a $40.00 target price on Masco Corp and gave the stock an “outperform” rating in a research report on Friday, December 16th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Masco Corp currently has a consensus rating of “Buy” and an average price target of $37.62.
About Masco Corp
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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