Masco Corp (NYSE:MAS) – Research analysts at Gabelli raised their FY2020 earnings estimates for shares of Masco in a research report issued on Monday, February 11th. Gabelli analyst A. Lacayo now anticipates that the construction company will post earnings of $3.00 per share for the year, up from their previous forecast of $2.90. Gabelli also issued estimates for Masco’s FY2021 earnings at $3.25 EPS and FY2022 earnings at $3.40 EPS.
MAS has been the topic of a number of other research reports. Credit Suisse Group set a $34.00 price target on shares of Masco and gave the stock a “hold” rating in a research note on Friday, January 11th. Citigroup dropped their price target on shares of Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 price target on shares of Masco in a research note on Wednesday, October 31st. Royal Bank of Canada upgraded shares of Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 price target on the stock in a research note on Sunday, December 9th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Masco in a research note on Tuesday, October 30th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.65.
Masco (NYSE:MAS) last released its earnings results on Thursday, February 7th. The construction company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Masco had a net margin of 8.78% and a return on equity of 520.34%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS.
The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Friday, January 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, January 10th. Masco’s dividend payout ratio is currently 19.20%.
In other Masco news, Director Richard A. Manoogian sold 100,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the transaction, the director now owns 625,961 shares in the company, valued at approximately $19,392,271.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MAS. Atria Investments LLC bought a new position in Masco during the 3rd quarter valued at about $207,000. State of Alaska Department of Revenue lifted its stake in Masco by 3.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 64,590 shares of the construction company’s stock valued at $2,362,000 after acquiring an additional 2,060 shares during the period. DNB Asset Management AS lifted its stake in Masco by 9.4% during the 3rd quarter. DNB Asset Management AS now owns 63,191 shares of the construction company’s stock valued at $2,313,000 after acquiring an additional 5,422 shares during the period. First Hawaiian Bank bought a new position in Masco during the 3rd quarter valued at about $251,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in Masco by 39.8% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 897,743 shares of the construction company’s stock valued at $32,857,000 after acquiring an additional 255,710 shares during the period. Institutional investors and hedge funds own 89.02% of the company’s stock.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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