KeyCorp reissued their hold rating on shares of Masco Corporation (NYSE:MAS) in a research report sent to investors on Tuesday.

MAS has been the subject of several other research reports. Royal Bank Of Canada restated a buy rating and issued a $43.00 price target on shares of Masco Corporation in a report on Wednesday, May 31st. Longbow Research restated a buy rating and issued a $42.00 price target on shares of Masco Corporation in a report on Tuesday, July 4th. BidaskClub upgraded Masco Corporation from a hold rating to a buy rating in a report on Saturday, June 17th. Robert W. Baird restated a buy rating and issued a $42.00 price target on shares of Masco Corporation in a report on Monday, August 28th. Finally, MKM Partners restated a buy rating and issued a $44.00 price target (up previously from $43.00) on shares of Masco Corporation in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Masco Corporation has an average rating of Buy and an average target price of $40.92.

Masco Corporation (NYSE MAS) traded up 0.59% on Tuesday, reaching $39.01. 1,604,965 shares of the company’s stock were exchanged. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37. The company has a market capitalization of $12.30 billion, a PE ratio of 24.12 and a beta of 1.54. The company has a 50 day moving average price of $37.16 and a 200-day moving average price of $36.60.

Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities research analysts anticipate that Masco Corporation will post $1.98 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Masco Corporation’s previous quarterly dividend of $0.10. Masco Corporation’s payout ratio is presently 24.69%.

In related news, VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total transaction of $84,657.76. Following the transaction, the vice president now directly owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard A. O’reagan sold 19,498 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.18, for a total value of $744,433.64. Following the transaction, the insider now directly owns 91,154 shares in the company, valued at $3,480,259.72. The disclosure for this sale can be found here. Insiders have sold a total of 24,101 shares of company stock valued at $916,799 in the last quarter. Company insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Veritable L.P. lifted its position in Masco Corporation by 0.7% during the 2nd quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock worth $344,000 after acquiring an additional 59 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in Masco Corporation by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock worth $634,000 after acquiring an additional 63 shares in the last quarter. Hills Bank & Trust Co. lifted its position in Masco Corporation by 0.3% during the 2nd quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after acquiring an additional 75 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Masco Corporation by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock worth $209,000 after acquiring an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Masco Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after acquiring an additional 100 shares in the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Masco Corporation 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.

Analyst Recommendations for Masco Corporation (NYSE:MAS)

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