Masco Corp (NYSE:MAS) – Equities research analysts at SunTrust Banks reduced their Q2 2018 earnings per share estimates for Masco in a report issued on Tuesday, June 12th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings per share of $0.76 for the quarter, down from their previous estimate of $0.78. SunTrust Banks also issued estimates for Masco’s FY2018 earnings at $2.51 EPS and Q4 2019 earnings at $0.68 EPS.
Several other analysts also recently weighed in on MAS. Deutsche Bank lifted their price objective on Masco from $39.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Zacks Investment Research downgraded Masco from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Argus set a $50.00 target price on Masco and gave the company a “buy” rating in a research note on Friday, April 13th. They noted that the move was a valuation call. Credit Suisse Group set a $46.00 target price on Masco and gave the company a “hold” rating in a research note on Tuesday, April 24th. Finally, Robert W. Baird set a $46.00 target price on Masco and gave the company a “buy” rating in a research note on Tuesday, April 24th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.75.
Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, April 24th. The construction company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.86 billion. Masco had a net margin of 6.96% and a return on equity of 512.88%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share.
Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Masco during the first quarter worth about $490,000. Suntrust Banks Inc. grew its stake in shares of Masco by 4.6% during the first quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 1,533 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Masco by 150.4% during the first quarter. Allianz Asset Management GmbH now owns 168,551 shares of the construction company’s stock worth $6,816,000 after acquiring an additional 101,225 shares during the last quarter. Amalgamated Bank grew its stake in shares of Masco by 6.7% during the first quarter. Amalgamated Bank now owns 43,599 shares of the construction company’s stock worth $1,763,000 after acquiring an additional 2,755 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Masco by 467.0% during the first quarter. Summit Trail Advisors LLC now owns 30,460 shares of the construction company’s stock worth $1,153,000 after acquiring an additional 25,088 shares during the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.
In other news, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total transaction of $233,397.45. Following the sale, the director now owns 56,766 shares in the company, valued at $2,375,657.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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