Masco Corp (MAS) Receives Consensus Rating of “Buy” from Analysts
Masco Corp (NYSE:MAS) has earned a consensus recommendation of “Buy” from the twenty brokerages that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.29.
Several research firms have commented on MAS. Zacks Investment Research cut Masco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank boosted their target price on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Royal Bank of Canada set a $46.00 target price on Masco and gave the company a “buy” rating in a research note on Friday, February 9th. Credit Suisse Group restated a “neutral” rating and issued a $46.00 target price (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th.
Masco (NYSE MAS) traded down $0.18 during midday trading on Tuesday, reaching $42.29. The company’s stock had a trading volume of 2,084,535 shares, compared to its average volume of 3,470,000. The company has a market cap of $13,300.00, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.97 and a quick ratio of 1.49. Masco has a 12-month low of $32.97 and a 12-month high of $46.44.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, January 12th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, January 11th. Masco’s dividend payout ratio is currently 26.09%.
In related news, Director Richard A. Manoogian sold 82,701 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the transaction, the director now directly owns 692,102 shares of the company’s stock, valued at approximately $29,684,254.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Michael Losh sold 5,592 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $42.02, for a total value of $234,975.84. Following the transaction, the director now directly owns 69,926 shares in the company, valued at $2,938,290.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,150 shares of company stock worth $4,462,062. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in shares of Masco during the 4th quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Masco during the 4th quarter worth approximately $114,000. Avestar Capital LLC acquired a new position in shares of Masco during the 4th quarter worth approximately $135,000. Tower Research Capital LLC TRC increased its holdings in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares during the last quarter. Finally, Parsons Capital Management Inc. RI acquired a new position in shares of Masco during the 4th quarter worth approximately $204,000. 90.07% of the stock is currently owned by institutional investors and hedge funds.
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Masco Company Profile
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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