Masco Corporation (NYSE:MAS) Earning Somewhat Favorable Press Coverage, Accern Reports

Press coverage about Masco Corporation (NYSE:MAS) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Masco Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.981130098656 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently commented on MAS shares. Barclays PLC raised their price objective on shares of Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Credit Suisse Group set a $36.00 target price on shares of Masco Corporation and gave the company a “hold” rating in a report on Thursday, July 27th. Instinet reaffirmed a “buy” rating and issued a $41.00 target price (up previously from $39.00) on shares of Masco Corporation in a report on Friday, May 19th. Robert W. Baird reissued an “outperform” rating and set a $40.00 price objective on shares of Masco Corporation in a report on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective on the stock in a report on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.79.

Masco Corporation (NYSE:MAS) traded down 1.40% during midday trading on Thursday, hitting $36.68. 559,987 shares of the company traded hands. The stock has a 50 day moving average of $38.34 and a 200 day moving average of $35.90. The stock has a market cap of $11.57 billion, a P/E ratio of 22.68 and a beta of 1.56. Masco Corporation has a 12-month low of $29.38 and a 12-month high of $39.37.

Masco Corporation (NYSE:MAS) last announced its earnings results on Thursday, July 27th. The construction company reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Equities research analysts predict that Masco Corporation will post $1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. Masco Corporation’s dividend payout ratio (DPR) is currently 24.69%.

In related news, VP Renee Straber sold 4,452 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the sale, the vice president now owns 65,961 shares of the company’s stock, valued at $2,544,775.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard A. O’reagan sold 19,498 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.18, for a total value of $744,433.64. Following the completion of the sale, the insider now directly owns 91,154 shares in the company, valued at approximately $3,480,259.72. The disclosure for this sale can be found here. Insiders have sold 175,602 shares of company stock worth $6,528,540 in the last three months. 1.30% of the stock is currently owned by company insiders.

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About Masco Corporation

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.

Insider Buying and Selling by Quarter for Masco Corporation (NYSE:MAS)

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