Masco Corp (MAS) Director Lisa A. Payne Sells 5,577 Shares
Masco Corp (NYSE:MAS) Director Lisa A. Payne sold 5,577 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total transaction of $233,397.45. Following the transaction, the director now owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The transaction was disclosed in a filing with the SEC, which is available through this link.
Masco Corp (NYSE:MAS) traded down $0.22 on Friday, reaching $40.81. 1,458,977 shares of the company’s stock were exchanged, compared to its average volume of 3,083,123. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. The company has a market cap of $13,021.42, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51.
Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts expect that Masco Corp will post 2.55 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of Masco in the 4th quarter valued at $100,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Masco in the 4th quarter valued at $114,000. Avestar Capital LLC bought a new stake in shares of Masco in the 4th quarter valued at $135,000. Tower Research Capital LLC TRC boosted its stake in shares of Masco by 299.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Parsons Capital Management Inc. RI bought a new stake in shares of Masco in the 4th quarter valued at $204,000. 90.05% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the stock. Deutsche Bank upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday. Zacks Investment Research cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price objective (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.60.
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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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