Masco Corporation (NYSE:MAS) 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 value of $171,758.16. Following the completion of the transaction, the vice president now directly owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Masco Corporation (NYSE:MAS) traded down 0.166% during mid-day trading on Tuesday, reaching $39.075. The company’s stock had a trading volume of 800,416 shares. The company’s 50-day moving average price is $37.24 and its 200 day moving average price is $34.33. Masco Corporation has a 52 week low of $29.11 and a 52 week high of $39.37. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 24.731 and a beta of 1.58.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Masco Corporation had a net margin of 7.04% and a return on equity of 19,054.54%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Masco Corporation will post $1.96 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Masco Corporation from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a research report on Wednesday, April 26th. Nomura began coverage on Masco Corporation in a report on Wednesday, April 12th. They issued a “buy” rating and a $39.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Masco Corporation in a report on Wednesday, April 26th. Instinet reissued a “buy” rating on shares of Masco Corporation in a report on Friday, April 14th. Finally, 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. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $39.76.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Masco Corporation by 1,387.4% in the first 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. MARSHALL WACE ASIA Ltd purchased a new stake in Masco Corporation during the first quarter valued at about $105,662,000. Marshall Wace North America L.P. purchased a new stake in Masco Corporation during the first quarter valued at about $105,662,000. Norges Bank purchased a new stake in Masco Corporation during the fourth quarter valued at about $88,568,000. Finally, FMR LLC boosted its stake in Masco Corporation by 9.5% in the fourth quarter. FMR LLC now owns 18,859,880 shares of the construction company’s stock valued at $596,351,000 after buying an additional 1,640,080 shares during the period. 89.49% of the stock is owned by institutional investors and hedge funds.
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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