Masco Corp (NYSE:MAS) – KeyCorp issued their Q1 2020 earnings estimates for Masco in a research report issued on Tuesday, February 11th. KeyCorp analyst K. Zener anticipates that the construction company will post earnings of $0.37 per share for the quarter. KeyCorp also issued estimates for Masco’s Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.63 EPS and FY2021 earnings at $2.81 EPS.
Several other equities analysts have also issued reports on the company. Zelman & Associates lowered Masco from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. TheStreet upgraded Masco from a “c+” rating to a “b-” rating in a research report on Tuesday, October 22nd. Atlantic Securities assumed coverage on Masco in a research report on Monday, December 16th. They issued an “overweight” rating and a $60.00 price objective for the company. Goldman Sachs Group assumed coverage on Masco in a research report on Friday, December 6th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Zacks Investment Research upgraded Masco from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Masco has a consensus rating of “Buy” and an average target price of $50.19.
Shares of MAS opened at $47.06 on Thursday. The company has a debt-to-equity ratio of 120.48, a quick ratio of 0.98 and a current ratio of 1.46. The stock has a 50 day simple moving average of $48.27 and a 200 day simple moving average of $44.48. Masco has a 52-week low of $34.79 and a 52-week high of $50.06. The firm has a market capitalization of $14.20 billion, a PE ratio of 20.55, a P/E/G ratio of 1.94 and a beta of 1.44.
Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Masco had a return on equity of 1,500.49% and a net margin of 8.27%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $0.64 EPS. Masco’s quarterly revenue was up .2% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP acquired a new stake in Masco in the first quarter valued at approximately $1,280,000. Pacer Advisors Inc. boosted its position in shares of Masco by 10.5% during the third quarter. Pacer Advisors Inc. now owns 31,763 shares of the construction company’s stock valued at $1,324,000 after buying an additional 3,006 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of Masco by 12.5% during the third quarter. Wealthfront Advisers LLC now owns 7,813 shares of the construction company’s stock valued at $326,000 after buying an additional 867 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Masco by 12.4% during the third quarter. DNB Asset Management AS now owns 68,791 shares of the construction company’s stock valued at $2,867,000 after buying an additional 7,605 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Masco by 11.3% during the third quarter. Assenagon Asset Management S.A. now owns 10,800 shares of the construction company’s stock valued at $450,000 after buying an additional 1,100 shares during the last quarter. 91.34% of the stock is owned by hedge funds and other institutional investors.
In other Masco news, CFO John G. Sznewajs sold 41,312 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $49.17, for a total transaction of $2,031,311.04. Following the completion of the transaction, the chief financial officer now owns 246,213 shares of the company’s stock, valued at approximately $12,106,293.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kenneth G. Cole sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $46.10, for a total value of $922,000.00. Following the transaction, the vice president now directly owns 53,682 shares of the company’s stock, valued at approximately $2,474,740.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,386 shares of company stock valued at $15,445,588. Insiders own 1.17% of the company’s stock.
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. This represents a $0.54 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, January 9th. Masco’s dividend payout ratio (DPR) is currently 21.60%.
Masco Company Profile
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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