Masco Corp. (NYSE:MAS) hit a new 52-week high on Wednesday . The stock traded as high as $34.47 and last traded at $34.37, with a volume of 1,323,402 shares traded. The stock had previously closed at $33.79.

Several equities research analysts recently weighed in on MAS shares. Royal Bank Of Canada boosted their price target on shares of Masco Corp. from $30.00 to $35.00 in a research report on Tuesday, April 12th. FBR & Co assumed coverage on shares of Masco Corp. in a research report on Wednesday, June 1st. They set a “buy” rating on the stock. Jefferies Group reiterated a “buy” rating and set a $37.00 price objective (up previously from $34.00) on shares of Masco Corp. in a research report on Thursday, April 28th. TheStreet upgraded shares of Masco Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Masco Corp. in a research report on Sunday, March 27th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Masco Corp. has a consensus rating of “Buy” and an average price target of $32.83.

The stock has a market capitalization of $11.27 billion and a price-to-earnings ratio of 29.379. The company has a 50-day moving average price of $31.68 and a 200 day moving average price of $29.86.

Masco Corp. (NYSE:MAS) last posted its earnings results on Tuesday, April 26th. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Analysts predict that Masco Corp. will post $1.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 8th will be given a $0.095 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $0.38 annualized dividend and a dividend yield of 1.12%.

In other news, VP Renee Straber sold 3,694 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $32.60, for a total value of $120,424.40. Following the sale, the vice president now directly owns 61,442 shares in the company, valued at $2,003,009.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Manoogian sold 77,959 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $31.33, for a total value of $2,442,455.47. Following the completion of the sale, the director now owns 1,065,739 shares in the company, valued at $33,389,602.87. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of MAS. TD Asset Management Inc. increased its stake in shares of Masco Corp. by 0.7% in the fourth quarter. TD Asset Management Inc. now owns 174,906 shares of the company’s stock valued at $4,950,000 after buying an additional 1,300 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Masco Corp. by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 85,279 shares of the company’s stock valued at $2,411,000 after buying an additional 5,735 shares in the last quarter. Comerica Bank increased its stake in shares of Masco Corp. by 1.7% in the fourth quarter. Comerica Bank now owns 122,697 shares of the company’s stock valued at $3,132,000 after buying an additional 2,037 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Masco Corp. by 358.2% in the fourth quarter. OppenheimerFunds Inc. now owns 1,202,035 shares of the company’s stock valued at $34,019,000 after buying an additional 939,725 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Masco Corp. by 22.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 153,687 shares of the company’s stock valued at $4,351,000 after buying an additional 28,468 shares in the last quarter.

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS.

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