1 week Ago By ABMN Staff
Masco ( NYSE:MAS – Free Report ) had its target price trimmed by Barclays from $87.00 to $75.00 in a research report report published on Tuesday morning, Benzinga reports.
The firm currently has an overweight rating on the construction company’s stock. Other equities research analysts have also issued reports about the company. Zelman & Associates upgraded Masco to a “strong-buy” rating in a research note on Friday, January 17th.
Wells Fargo & Company cut their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th.
Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masco in a research note on Tuesday, April 1st. They set a “hold” rating and a $71.00 price objective for the company.
Citigroup reduced their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th.
Finally, Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research report on Friday, January 10th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat, the company has an average rating of “Hold” and an average target price of $84.50. Read Our Latest Stock Analysis on MAS Masco Trading Down 3.
8 % Masco ( NYSE:MAS – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.
88 by $0.01. Masco had a net margin of 10.
50% and a return on equity of 838.32%. During the same quarter last year, the business earned $0.
83 earnings per share. As a group, equities analysts predict that Masco will post 4.34 earnings per share for the current year.
Masco Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were issued a $0.31 dividend.
The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29.
This represents a $1.24 annualized dividend and a yield of 2.11%.
Masco’s dividend payout ratio is currently 32.98%. Insiders Place Their Bets In related news, CEO Keith J.
Allman sold 21,723 shares of Masco stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total value of $1,658,768.
28. Following the completion of the transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at approximately $4,601,988.12.
This trade represents a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, VP Renee Straber sold 3,139 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.
42. Following the sale, the vice president now owns 33,027 shares in the company, valued at $2,370,678.06.
The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here .
1.10% of the stock is owned by company insiders. Institutional Trading of Masco Several institutional investors have recently added to or reduced their stakes in MAS.
Allworth Financial LP boosted its holdings in shares of Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after buying an additional 133 shares during the period.
Equitable Trust Co. grew its holdings in shares of Masco by 1.7% during the fourth quarter.
Equitable Trust Co. now owns 8,089 shares of the construction company’s stock valued at $587,000 after purchasing an additional 136 shares during the last quarter. Tealwood Asset Management Inc.
raised its position in shares of Masco by 0.8% during the 4th quarter. Tealwood Asset Management Inc.
now owns 17,921 shares of the construction company’s stock worth $1,301,000 after purchasing an additional 147 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Masco by 26.7% in the 4th quarter.
MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after purchasing an additional 148 shares during the last quarter. Finally, Keybank National Association OH boosted its position in Masco by 3.8% during the 4th quarter.
Keybank National Association OH now owns 4,165 shares of the construction company’s stock valued at $302,000 after purchasing an additional 151 shares during the period. Institutional investors own 93.91% of the company’s stock.
About Masco ( Get Free Report ) Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products. See Also Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.
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