Masco (NYSE:MAS) VP Kenneth Cole Sells 34,470 Shares of Stock

Masco Corporation (NYSE:MAS) VP Kenneth Cole sold 34,470 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $80.64, for a total transaction of $2,779,660.80. Following the sale, the vice president owned 39,700 shares in the company, valued at $3,201,408. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Masco Stock Down 1.6%

Shares of NYSE:MAS opened at $82.19 on Wednesday. The firm’s 50 day moving average price is $71.64 and its 200 day moving average price is $71.01. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.21. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.85. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts predict that Masco Corporation will post 4.72 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 6th. Masco’s payout ratio is 27.71%.

Institutional Investors Weigh In On Masco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. purchased a new position in Masco during the 3rd quarter worth $265,000. Ethic Inc. boosted its holdings in shares of Masco by 9.4% in the third quarter. Ethic Inc. now owns 19,256 shares of the construction company’s stock valued at $1,298,000 after acquiring an additional 1,656 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Masco by 21.4% in the third quarter. Parallel Advisors LLC now owns 3,201 shares of the construction company’s stock valued at $216,000 after acquiring an additional 564 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Masco by 7.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 14,179 shares of the construction company’s stock worth $956,000 after acquiring an additional 1,004 shares during the period. Finally, Calamos Advisors LLC increased its stake in shares of Masco by 2.1% during the third quarter. Calamos Advisors LLC now owns 144,035 shares of the construction company’s stock worth $9,708,000 after acquiring an additional 2,905 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MAS shares. Truist Financial increased their target price on Masco from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Evercore cut Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a research report on Thursday, July 30th. UBS Group increased their price objective on Masco from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Bank of America reissued an “underperform” rating on shares of Masco in a research report on Thursday, October 29th. Finally, Robert W. Baird upped their price target on Masco from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Masco presently has an average rating of “Hold” and a consensus price target of $80.94.

About Masco

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.