Masco Corp (NYSE:MAS) – Equities researchers at Jefferies Group raised their Q4 2018 earnings per share estimates for Masco in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst P. Ng now anticipates that the construction company will post earnings of $0.55 per share for the quarter, up from their prior estimate of $0.50.
Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.33 EPS. Masco’s quarterly revenue was up 6.5% on a year-over-year basis.
A number of other equities research analysts have also recently commented on MAS. B. Riley reaffirmed a “buy” rating on shares of Masco in a research note on Wednesday, November 1st. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Friday. Nomura set a $45.00 price objective on shares of Masco and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Credit Suisse Group reaffirmed a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Citigroup lifted their price target on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco currently has an average rating of “Buy” and an average target price of $44.07.
Shares of Masco (MAS) traded up $1.43 during midday trading on Thursday, hitting $42.13. 5,984,534 shares of the stock were exchanged, compared to its average volume of 3,170,270. The firm has a market cap of $13,203.16, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. Masco has a twelve month low of $32.88 and a twelve month high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.97 and a debt-to-equity ratio of 16.87.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Masco by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,207,284 shares of the construction company’s stock valued at $1,192,431,000 after acquiring an additional 778,320 shares in the last quarter. FMR LLC grew its position in Masco by 7.5% in the 2nd quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock valued at $784,657,000 after acquiring an additional 1,439,946 shares in the last quarter. JPMorgan Chase & Co. grew its position in Masco by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after acquiring an additional 763,078 shares in the last quarter. Northern Trust Corp grew its position in Masco by 31.3% in the 2nd quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock valued at $315,096,000 after acquiring an additional 1,963,938 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Masco by 4.6% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 8,218,130 shares of the construction company’s stock valued at $320,590,000 after acquiring an additional 362,903 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
In other news, VP Renee Straber sold 2,574 shares of Masco stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.85, for a total transaction of $654,622.50. Following the completion of the sale, the director now owns 47,909 shares in the company, valued at $1,861,264.65. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.42 annualized dividend and a dividend yield of 1.00%. Masco’s dividend payout ratio is presently 25.45%.
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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