Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Masco Corporation (MAS) Share Price
Headlines about Masco Corporation (NYSE:MAS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Masco Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.1337549329311 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Norges Bank Bought A Little More Masco Corporation (MAS) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- See what the IHS Markit Score report has to say about Masco Corp. (finance.yahoo.com)
- Masco Corporation (MAS) noted a price change of 0.89% and Beazer Homes USA, Inc. (BZH) closes with a move of … – Stocks Gallery (stocksgallery.com)
- Market Scope: Tracking Shares of Masco Corporation (NYSE:MAS) – Jonesboro Recorder (jonesbororecorder.com)
- Insider Selling: Masco Corporation (MAS) Insider Sells 19,498 Shares of Stock (americanbankingnews.com)
Shares of Masco Corporation (NYSE:MAS) traded down 2.02% during midday trading on Thursday, hitting $36.45. The stock had a trading volume of 1,827,304 shares. The stock’s 50-day moving average is $38.27 and its 200-day moving average is $35.90. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37. The stock has a market cap of $11.50 billion, a PE ratio of 22.54 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Equities analysts anticipate that Masco Corporation will post $1.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, July 12th. Masco Corporation’s payout ratio is currently 24.69%.
A number of equities analysts recently issued reports on the company. Credit Suisse Group assumed coverage on Masco Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $36.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a report on Tuesday, July 18th. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub upgraded Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Masco Corporation in a report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.79.
In related news, Director Richard A. Manoogian sold 61,340 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $36.99, for a total transaction of $2,268,966.60. Following the completion of the sale, the director now owns 716,885 shares in the company, valued at $26,517,576.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. O’reagan sold 19,498 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the sale, the insider now owns 91,154 shares of the company’s stock, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,602 shares of company stock worth $6,528,540. Corporate insiders own 1.30% of the company’s stock.
About Masco Corporation
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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