Masco Corp (NYSE:MAS)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research note issued on Friday. They presently have a $39.00 target price on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 13.08% from the stock’s current price.
A number of other brokerages have also weighed in on MAS. Zacks Investment Research raised Masco Corp from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Barclays PLC reaffirmed an “overweight” rating and issued a $36.00 price objective (down previously from $37.00) on shares of Masco Corp in a report on Thursday, February 16th. Goldman Sachs Group Inc lowered Masco Corp from a “conviction-buy” rating to a “buy” rating in a report on Monday, December 12th. Finally, Macquarie set a $40.00 price objective on Masco Corp and gave the company an “outperform” rating in a report on Friday, December 16th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Masco Corp presently has a consensus rating of “Buy” and a consensus target price of $37.62.
Masco Corp (NYSE:MAS) opened at 34.49 on Friday. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 23.46 and a beta of 1.51. The company has a 50-day moving average price of $33.72 and a 200 day moving average price of $32.90. Masco Corp has a 12 month low of $29.11 and a 12 month high of $37.38.
Masco Corp (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The business earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the firm posted $0.29 EPS. Masco Corp’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Masco Corp will post $1.87 earnings per share for the current year.
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In related news, Director Lisa A. Payne sold 1,949 shares of Masco Corp stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $33.89, for a total transaction of $66,051.61. Following the completion of the transaction, the director now directly owns 61,346 shares in the company, valued at approximately $2,079,015.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher K. Kastner sold 5,463 shares of Masco Corp stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $33.80, for a total value of $184,649.40. Following the transaction, the vice president now owns 35,524 shares of the company’s stock, valued at $1,200,711.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,496 shares of company stock valued at $322,682 over the last 90 days. Insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Exane Derivatives bought a new position in shares of Masco Corp during the third quarter valued at about $7,906,000. BlackRock Investment Management LLC increased its position in shares of Masco Corp by 14.6% in the third quarter. BlackRock Investment Management LLC now owns 948,834 shares of the company’s stock valued at $32,554,000 after buying an additional 121,180 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Masco Corp during the third quarter valued at about $2,196,000. National Pension Service increased its position in shares of Masco Corp by 9.4% in the third quarter. National Pension Service now owns 284,169 shares of the company’s stock valued at $9,750,000 after buying an additional 24,454 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC increased its position in shares of Masco Corp by 1.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 179,505 shares of the company’s stock valued at $6,159,000 after buying an additional 2,853 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.
About Masco Corp
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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