Masco Corp. (MAS) Reaches New 1-Year High at $34.47
Masco Corp. (NYSE:MAS)’s share price reached 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 trading hands. The stock had previously closed at $33.79.
Several equities analysts have weighed in on the company. FBR & Co assumed coverage on Masco Corp. in a report on Wednesday, June 1st. They set a “buy” rating for the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Masco Corp. in a report on Sunday, March 27th. Zacks Investment Research upgraded Masco Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, April 20th. MKM Partners raised their price target on Masco Corp. from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 27th. Finally, Jefferies Group restated a “buy” rating and set a $37.00 price target (up previously from $34.00) on shares of Masco Corp. in a report on Thursday, April 28th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.83.
The stock has a market capitalization of $10.96 billion and a price-to-earnings ratio of 28.58. The firm’s 50 day moving average price is $31.75 and its 200 day moving average price is $29.92.
Masco Corp. (NYSE:MAS) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The company earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Masco Corp.’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. On average, equities research analysts predict that Masco Corp. will post $1.53 earnings per share for the current year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.14%.
In other news, insider Richard A. O’reagan sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $31.36, for a total value of $188,160.00. Following the completion of the sale, the insider now directly owns 85,705 shares in the company, valued at $2,687,708.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Manoogian sold 77,959 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $33,389,602.87. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of MAS. Trexquant Investment LP bought a new stake in Masco Corp. during the fourth quarter worth about $1,121,000. BP PLC bought a new stake in Masco Corp. during the fourth quarter worth about $1,132,000. Advisors Asset Management Inc. raised its stake in Masco Corp. by 0.6% in the fourth quarter. Advisors Asset Management Inc. now owns 40,396 shares of the company’s stock worth $1,143,000 after buying an additional 260 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Masco Corp. by 4.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 45,648 shares of the company’s stock worth $1,292,000 after buying an additional 1,860 shares during the period. Finally, BOKF NA raised its stake in Masco Corp. by 6.8% in the fourth quarter. BOKF NA now owns 68,466 shares of the company’s stock worth $1,938,000 after buying an additional 4,349 shares during the period.
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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