News coverage about Masco Corp (NYSE:MAS) has been trending somewhat positive on Wednesday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Masco Corp earned a media sentiment score of 0.07 on AlphaOne’s scale. AlphaOne also assigned news stories about the construction company an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One’s rankings:
- The Carl Domino Inc Reduces Stake in Masco Corp (MAS) – BangaloreWeekly (bangaloreweekly.com)
- Form 4 MASCO CORP /DE/ For: May 12 Filed by: Turner Reginald M JR – StreetInsider.com (streetinsider.com)
- Better Buy Masco Corp (NYSE:MAS) – ExpertGazette (expertgazette.com)
- The Housing Boom – Which ETF To Buy? (seekingalpha.com)
- Paints and Coatings Market : Demand and Insights Analysis Report 2017 – 2025 (openpr.com)
Shares of Masco Corp (NYSE:MAS) opened at 37.26 on Wednesday. The firm has a market cap of $11.78 billion, a P/E ratio of 23.58 and a beta of 1.51. The company has a 50-day moving average of $35.07 and a 200 day moving average of $33.24. Masco Corp has a 52-week low of $29.11 and a 52-week high of $37.58.
Masco Corp (NYSE:MAS) last announced its earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Masco Corp had a return on equity of 1,293.51% and a net margin of 6.67%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Masco Corp will post $1.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Monday, April 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, April 12th. Masco Corp’s dividend payout ratio is currently 27.21%.
Several research analysts have issued reports on MAS shares. Barclays PLC lowered their price target on shares of Masco Corp to $36.00 in a report on Friday, February 10th. Zacks Investment Research upgraded shares of Masco Corp from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Jefferies Group LLC restated a “buy” rating and set a $39.00 price target on shares of Masco Corp in a report on Friday, March 17th. Longbow Research upgraded shares of Masco Corp from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, April 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Masco Corp from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.20.
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In other news, Director Lisa A. Payne sold 1,949 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $33.89, for a total value of $66,051.61. Following the transaction, the director now directly owns 61,346 shares of the company’s stock, valued at $2,079,015.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher K. Kastner sold 5,463 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $33.80, for a total value of $184,649.40. Following the completion of the transaction, the vice president now directly owns 35,524 shares in the company, valued at $1,200,711.20. The disclosure for this sale can be found here. Insiders have sold a total of 47,793 shares of company stock worth $1,743,248 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
Masco Corp Company Profile
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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