Masco Corp (NYSE:MAS)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $32.81 and last traded at $33.07, with a volume of 199424 shares traded. The stock had previously closed at $33.38.

MAS has been the topic of a number of research reports. Citigroup raised their target price on shares of Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. B. Riley raised their target price on shares of Masco from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Masco in a research report on Tuesday, July 31st. Cfra reaffirmed a “buy” rating and set a $46.00 target price on shares of Masco in a research report on Sunday, August 5th. Finally, Goldman Sachs Group began coverage on shares of Masco in a research note on Tuesday, October 2nd. They set a “buy” rating and a $49.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.67.

The company has a market cap of $11.25 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 0.99 and a beta of 1.39. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 23.57.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Masco had a net margin of 7.41% and a return on equity of 490.27%. Masco’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, research analysts forecast that Masco Corp will post 2.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.49%. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is 21.65%.

In other Masco news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $39.91, for a total value of $51,324.26. Following the completion of the sale, the insider now directly owns 48,740 shares in the company, valued at $1,945,213.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. DAVENPORT & Co LLC raised its holdings in shares of Masco by 8.9% in the third quarter. DAVENPORT & Co LLC now owns 42,096 shares of the construction company’s stock worth $1,541,000 after buying an additional 3,425 shares during the last quarter. Advisors Capital Management LLC raised its holdings in shares of Masco by 11.1% in the third quarter. Advisors Capital Management LLC now owns 247,469 shares of the construction company’s stock worth $9,057,000 after buying an additional 24,821 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Masco by 9.4% in the third quarter. DNB Asset Management AS now owns 63,191 shares of the construction company’s stock worth $2,313,000 after buying an additional 5,422 shares during the last quarter. Gyroscope Capital Management Group LLC raised its holdings in shares of Masco by 30.5% in the third quarter. Gyroscope Capital Management Group LLC now owns 12,567 shares of the construction company’s stock worth $450,000 after buying an additional 2,937 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its holdings in shares of Masco by 9.2% in the third quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock worth $785,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Masco Company Profile (NYSE:MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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