Masco Corporation (NYSE:MAS) VP Kenneth G. Cole sold 2,266 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $37.36, for a total value of $84,657.76. Following the completion of the sale, the vice president now owns 85,693 shares in the company, valued at $3,201,490.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Masco Corporation (MAS) traded up 0.38% on Tuesday, hitting $37.39. The stock had a trading volume of 2,184,258 shares. Masco Corporation has a 12 month low of $29.38 and a 12 month high of $39.37. The firm’s 50 day moving average price is $37.18 and its 200-day moving average price is $36.58. The stock has a market cap of $11.79 billion, a PE ratio of 23.12 and a beta of 1.54.
Masco Corporation (NYSE:MAS) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco Corporation had a net margin of 7.09% and a return on equity of 20,509.09%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. On average, analysts forecast that Masco Corporation will post $1.98 EPS for the current year.
A number of equities research analysts recently commented on the company. Robert W. Baird reiterated a “buy” rating and issued a $42.00 target price on shares of Masco Corporation in a research report on Monday, August 28th. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. MKM Partners reiterated a “buy” rating and issued a $44.00 target price (up from $43.00) on shares of Masco Corporation in a research report on Tuesday, August 1st. Barclays PLC boosted their target price on Masco Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group set a $36.00 price objective on Masco Corporation and gave the stock a “hold” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Masco Corporation has an average rating of “Buy” and a consensus price target of $40.93.
Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV raised its position in shares of Masco Corporation by 12.5% during the 2nd quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock valued at $1,454,000 after buying an additional 4,223 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Masco Corporation during the 2nd quarter valued at approximately $10,508,000. BlackRock Inc. raised its position in shares of Masco Corporation by 1,387.4% during the 1st quarter. BlackRock Inc. now owns 27,895,055 shares of the construction company’s stock valued at $948,149,000 after buying an additional 26,019,679 shares during the period. Stifel Financial Corp raised its position in shares of Masco Corporation by 8.1% during the 1st quarter. Stifel Financial Corp now owns 93,575 shares of the construction company’s stock valued at $3,188,000 after buying an additional 7,027 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Masco Corporation by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 1,566,035 shares of the construction company’s stock valued at $59,839,000 after buying an additional 62,170 shares during the period. 88.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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