Masco Corp (MAS) Director Lokeren Mary Ann Van Sells 5,654 Shares
Masco Corp (NYSE:MAS) Director Lokeren Mary Ann Van sold 5,654 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.77, for a total value of $241,821.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Masco Corp (NYSE:MAS) opened at $42.29 on Wednesday. The company has a market cap of $13,309.74, a P/E ratio of 21.78, a PEG ratio of 1.07 and a beta of 1.51. Masco Corp has a 52-week low of $32.97 and a 52-week high of $46.44. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87.
Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. research analysts expect that Masco Corp will post 2.55 earnings per share for the current year.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Deutsche Bank upped their price objective on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. downgraded shares of Masco from an “overweight” rating to a “neutral” rating in a research report on Friday, January 5th. Royal Bank of Canada set a $46.00 target price on shares of Masco and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $46.00 target price (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.60.
Several hedge funds have recently made changes to their positions in MAS. First Personal Financial Services acquired a new stake in shares of Masco during the 4th quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Masco during the 4th quarter worth approximately $114,000. Avestar Capital LLC acquired a new stake in shares of Masco during the 4th quarter worth approximately $135,000. Tower Research Capital LLC TRC grew its position in shares of Masco by 299.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after buying an additional 2,772 shares during the period. Finally, Parsons Capital Management Inc. RI acquired a new stake in shares of Masco during the 4th quarter worth approximately $204,000. 90.07% of the stock is owned by institutional investors.
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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