Masco Corp (NYSE:MAS) Director Richard A. Manoogian sold 100,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the sale, the director now owns 625,961 shares in the company, valued at $19,392,271.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MAS traded down $0.08 on Tuesday, reaching $30.70. The company’s stock had a trading volume of 405,911 shares, compared to its average volume of 5,919,835. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.56. Masco Corp has a fifty-two week low of $27.15 and a fifty-two week high of $46.44.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Masco had a net margin of 7.65% and a return on equity of 409.25%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. On average, equities analysts anticipate that Masco Corp will post 2.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Friday, October 12th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, October 11th. Masco’s dividend payout ratio is 24.74%.

A number of brokerages have issued reports on MAS. Royal Bank of Canada set a $37.00 price target on shares of Masco and gave the stock a “hold” rating in a research note on Monday. Citigroup cut their target price on shares of Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Deutsche Bank cut their target price on shares of Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Argus set a $43.00 target price on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Nomura set a $40.00 target price on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Masco currently has an average rating of “Buy” and a consensus target price of $42.63.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Masco by 103.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the construction company’s stock valued at $134,000 after purchasing an additional 1,858 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in Masco in the third quarter valued at approximately $146,000. NuWave Investment Management LLC boosted its holdings in Masco by 3,600.9% in the third quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after purchasing an additional 4,069 shares in the last quarter. Kovack Advisors Inc. acquired a new position in Masco in the third quarter valued at approximately $200,000. Finally, Atria Investments LLC acquired a new position in Masco in the third quarter valued at approximately $207,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

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About Masco

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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