Masco Corp (NYSE:MAS) – Research analysts at SunTrust Banks lowered their Q1 2020 earnings per share (EPS) estimates for shares of Masco in a note issued to investors on Tuesday, February 11th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.44. SunTrust Banks also issued estimates for Masco’s FY2020 earnings at $2.50 EPS, Q1 2021 earnings at $0.46 EPS, Q2 2021 earnings at $0.89 EPS, Q3 2021 earnings at $0.81 EPS and FY2021 earnings at $2.92 EPS.
Several other brokerages also recently issued reports on MAS. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Friday, January 3rd. Argus reiterated a “reduce” rating and set a $54.00 price target on shares of Masco in a report on Tuesday, January 28th. Deutsche Bank initiated coverage on shares of Masco in a report on Wednesday, November 27th. They set a “buy” rating and a $52.00 price target for the company. Atlantic Securities initiated coverage on shares of Masco in a report on Monday, December 16th. They set an “overweight” rating and a $60.00 price target for the company. Finally, Goldman Sachs Group initiated coverage on shares of Masco in a report on Friday, December 6th. They set a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Masco presently has an average rating of “Buy” and a consensus price target of $50.19.
Shares of MAS opened at $45.61 on Thursday. Masco has a one year low of $34.79 and a one year high of $50.06. The company has a market cap of $14.20 billion, a P/E ratio of 19.92, a P/E/G ratio of 1.94 and a beta of 1.44. The company has a debt-to-equity ratio of 120.48, a current ratio of 1.46 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $48.19 and a two-hundred day simple moving average of $44.53.
Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Masco had a net margin of 8.27% and a return on equity of 1,500.49%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up .2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 10th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a $0.54 dividend on an annualized basis and a yield of 1.18%. Masco’s dividend payout ratio (DPR) is currently 21.60%.
In other Masco news, CFO John G. Sznewajs sold 41,312 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $49.17, for a total transaction of $2,031,311.04. Following the sale, the chief financial officer now owns 246,213 shares of the company’s stock, valued at $12,106,293.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John G. Sznewajs sold 20,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $46.36, for a total transaction of $927,200.00. Insiders have sold 353,714 shares of company stock worth $16,632,204 in the last ninety days. Insiders own 1.17% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its position in shares of Masco by 66.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 34,713 shares of the construction company’s stock worth $1,447,000 after purchasing an additional 13,873 shares in the last quarter. Squarepoint Ops LLC lifted its position in Masco by 72.8% in the 3rd quarter. Squarepoint Ops LLC now owns 440,754 shares of the construction company’s stock valued at $18,371,000 after acquiring an additional 185,705 shares in the last quarter. Hartford Investment Management Co. lifted its position in Masco by 40.3% in the 3rd quarter. Hartford Investment Management Co. now owns 46,562 shares of the construction company’s stock valued at $1,941,000 after acquiring an additional 13,380 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Masco by 26.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,638 shares of the construction company’s stock valued at $318,000 after acquiring an additional 1,587 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in Masco by 35.8% in the 3rd quarter. Ancora Advisors LLC now owns 203,934 shares of the construction company’s stock valued at $8,500,000 after acquiring an additional 53,786 shares in the last quarter. 91.34% of the stock is currently owned by institutional investors.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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