Masco Corp (NYSE:MAS) – Research analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for shares of Masco in a report released on Monday, December 3rd. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $2.43 for the year, up from their prior estimate of $2.42. SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Masco’s Q1 2019 earnings at $0.55 EPS and FY2019 earnings at $2.68 EPS.
Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS.
A number of other research firms have also recently commented on MAS. TheStreet cut Masco from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Wells Fargo & Co reiterated a “buy” rating on shares of Masco in a research report on Tuesday, October 30th. Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $37.00 to $38.00 in a research report on Monday. Longbow Research cut Masco from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, Citigroup reduced their price target on Masco from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.68.
Masco stock opened at $30.49 on Thursday. The firm has a market cap of $9.37 billion, a P/E ratio of 15.72, a PEG ratio of 0.90 and a beta of 1.56. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13. Masco has a one year low of $27.15 and a one year high of $46.44.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Friday, October 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. This is a boost from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio (DPR) is currently 24.74%.
In related news, Director Richard A. Manoogian sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total transaction of $1,565,000.00. Following the completion of the transaction, the director now directly owns 575,961 shares of the company’s stock, valued at $18,027,579.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard A. Manoogian sold 100,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $30.98, for a total value of $3,098,000.00. Following the transaction, the director now directly owns 625,961 shares of the company’s stock, valued at $19,392,271.78. The disclosure for this sale can be found here. Insiders have sold 212,900 shares of company stock valued at $6,631,092 in the last quarter. 1.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in MAS. Dupont Capital Management Corp boosted its stake in Masco by 59.0% during the second quarter. Dupont Capital Management Corp now owns 6,216 shares of the construction company’s stock valued at $233,000 after buying an additional 2,307 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Masco by 7.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 91,112 shares of the construction company’s stock valued at $3,409,000 after purchasing an additional 6,550 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Masco by 4.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 46,069 shares of the construction company’s stock valued at $1,724,000 after purchasing an additional 2,159 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Masco by 4.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,003,061 shares of the construction company’s stock valued at $37,535,000 after purchasing an additional 40,871 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Masco by 10.9% in the 2nd quarter. Wells Fargo & Company MN now owns 885,959 shares of the construction company’s stock valued at $33,152,000 after purchasing an additional 87,200 shares during the last quarter. 89.27% of the stock is owned by institutional investors.
Masco Company Profile
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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