Masco Corp (MAS) Receives Buy Rating from Jefferies Group LLC
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group Inc downgraded Masco Corp from a conviction-buy rating to a buy rating in a research report on Monday, December 12th. Barclays PLC assumed coverage on Masco Corp in a research report on Thursday, January 5th. They issued an overweight rating and a $37.00 price objective for the company. Macquarie set a $40.00 price objective on Masco Corp and gave the company an outperform rating in a research report on Friday, December 16th. Finally, Zacks Investment Research upgraded Masco Corp from a sell rating to a hold rating in a research report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Masco Corp currently has an average rating of Buy and a consensus price target of $37.62.
Shares of Masco Corp (NYSE:MAS) traded down 0.303% during midday trading on Friday, hitting $34.555. The stock had a trading volume of 822,100 shares. Masco Corp has a one year low of $29.11 and a one year high of $37.38. The firm has a market capitalization of $10.99 billion, a PE ratio of 23.507 and a beta of 1.51. The firm’s 50-day moving average price is $33.72 and its 200-day moving average price is $32.90.
Masco Corp (NYSE:MAS) last issued its quarterly earnings data 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 earned $1.80 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Masco Corp will post $1.87 EPS for the current year.
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In other news, VP Christopher K. Kastner sold 5,463 shares of Masco Corp stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $33.80, for a total value of $184,649.40. Following the completion of the sale, the vice president now directly owns 35,524 shares of the company’s stock, valued at approximately $1,200,711.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lisa A. Payne sold 1,949 shares of Masco Corp stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $33.89, for a total value of $66,051.61. Following the completion of the sale, the director now directly owns 61,346 shares of the company’s stock, valued at $2,079,015.94. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Exane Derivatives bought a new stake in shares of Masco Corp during the third quarter worth approximately $7,906,000. BlackRock Investment Management LLC boosted its stake in shares of Masco Corp by 14.6% in the third quarter. BlackRock Investment Management LLC now owns 948,834 shares of the company’s stock worth $32,554,000 after buying an additional 121,180 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Masco Corp during the third quarter worth approximately $2,196,000. National Pension Service boosted its stake in shares of Masco Corp by 9.4% in the third quarter. National Pension Service now owns 284,169 shares of the company’s stock worth $9,750,000 after buying an additional 24,454 shares during the period. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in shares of Masco Corp by 1.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 179,505 shares of the company’s stock worth $6,159,000 after buying an additional 2,853 shares during the period. 88.65% of the stock is owned by institutional investors and hedge funds.
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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