Joseph B. Gross Sells 2,337 Shares of Masco Corporation (MAS) Stock

Masco Corporation (NYSE:MAS) insider Joseph B. Gross sold 2,337 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the transaction, the insider now directly owns 56,935 shares in the company, valued at approximately $2,136,770.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Masco Corporation (NYSE MAS) opened at 38.11 on Wednesday. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 23.57 and a beta of 1.54. The company’s 50-day moving average price is $37.25 and its 200-day moving average price is $36.46. Masco Corporation has a one year low of $29.38 and a one year high of $39.37.

Masco Corporation (NYSE:MAS) last posted its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Masco Corporation will post $1.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, July 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, July 12th. Masco Corporation’s dividend payout ratio is currently 24.69%.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Veritable L.P. increased its position in Masco Corporation by 0.7% in the 2nd quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock valued at $344,000 after acquiring an additional 59 shares during the period. Stanley Laman Group Ltd. increased its position in Masco Corporation by 0.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock valued at $634,000 after acquiring an additional 63 shares during the period. Hills Bank & Trust Co. increased its position in Masco Corporation by 0.3% in the 2nd quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock valued at $838,000 after acquiring an additional 75 shares during the period. Commonwealth Bank of Australia increased its position in Masco Corporation by 1.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after acquiring an additional 89 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Masco Corporation by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock valued at $757,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

MAS has been the topic of a number of recent research reports. Robert W. Baird reissued an “outperform” rating and issued a $40.00 target price on shares of Masco Corporation in a report on Wednesday, May 17th. Instinet reissued 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. MKM Partners reissued a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Masco Corporation in a report on Friday, May 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $43.00 target price on shares of Masco Corporation in a report on Wednesday, May 31st. Finally, BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.93.

Masco Corporation 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.

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

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