Masco (NYSE:MAS) Stock: Insider Kenneth Cole Sells 34,470 Shares

Masco Corporation (NYSE:MAS) VP Kenneth Cole sold 34,470 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.64, for a total transaction of $2,779,660.80. Following the completion of the sale, the vice president directly owned 39,700 shares in the company, valued at approximately $3,201,408. This represents a 46.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Masco Stock Performance

NYSE MAS opened at $87.00 on Thursday. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.82 and a beta of 1.21. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $87.86. The stock has a fifty day simple moving average of $71.92 and a 200 day simple moving average of $71.09. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. Masco’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Sell-side analysts expect that Masco Corporation will post 4.72 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Masco’s dividend payout ratio is presently 27.71%.

Institutional Trading of Masco

A number of large investors have recently bought and sold shares of the business. Latitude Advisors LLC acquired a new position in shares of Masco during the third quarter valued at about $30,000. Bell Investment Advisors Inc bought a new position in shares of Masco during the 2nd quarter worth about $32,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Masco in the 3rd quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Masco in the 2nd quarter valued at about $49,000. Finally, Root Financial Partners LLC grew its stake in shares of Masco by 106.3% in the 1st quarter. Root Financial Partners LLC now owns 879 shares of the construction company’s stock valued at $53,000 after buying an additional 453 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MAS shares. UBS Group raised their price objective on Masco from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Bank of America reiterated an “underperform” rating on shares of Masco in a report on Thursday, October 29th. Truist Financial increased their target price on shares of Masco from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Masco has a consensus rating of “Hold” and an average price target of $81.00.

Masco Company Profile

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.