Masco (MAS) Given a $42.00 Price Target at Robert W. Baird
Several other brokerages have also recently issued reports on MAS. Zacks Investment Research upgraded Masco from a sell rating to a hold rating in a research note on Monday, July 9th. ValuEngine cut Masco from a hold rating to a sell rating in a research note on Monday, June 18th. Citigroup upgraded Masco from a neutral rating to a buy rating and set a $43.00 price objective for the company in a research note on Tuesday, June 19th. Longbow Research cut Masco from a buy rating to a neutral rating in a research note on Friday, October 12th. Finally, Cfra reiterated a buy rating and issued a $46.00 price objective on shares of Masco in a research note on Sunday, August 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $45.44.
Shares of Masco stock opened at $32.36 on Tuesday. Masco has a 12 month low of $31.68 and a 12 month high of $46.44. The stock has a market cap of $11.25 billion, a P/E ratio of 16.68, a PEG ratio of 0.99 and a beta of 1.39. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, October 11th. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio (DPR) is 24.74%.
In other news, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the sale, the chief financial officer now owns 237,578 shares of the company’s stock, valued at approximately $9,253,663.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the sale, the insider now directly owns 48,740 shares in the company, valued at approximately $1,945,213.40. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acropolis Investment Management LLC acquired a new position in Masco during the third quarter worth approximately $146,000. Kovack Advisors Inc. acquired a new position in Masco during the third quarter worth approximately $200,000. Capital Investment Advisors LLC acquired a new position in Masco during the second quarter worth approximately $202,000. Atria Investments LLC acquired a new position in Masco during the third quarter worth approximately $207,000. Finally, Point72 Hong Kong Ltd increased its position in Masco by 8,377.3% during the second quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after buying an additional 5,529 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.
Masco Company Profile
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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