Masco Co. (NYSE:MAS) VP Sells $225,317.42 in Stock

by · The Cerbat Gem

Masco Co. (NYSE:MAS – Get Free Report) VP Renee Straber sold 3,139 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Masco Stock Performance

Shares of Masco stock traded down $2.03 during midday trading on Thursday, hitting $69.10. The company had a trading volume of 1,583,762 shares, compared to its average volume of 1,555,772. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a fifty day simple moving average of $76.13 and a 200 day simple moving average of $78.61. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.94 and a beta of 1.24.

Masco (NYSE:MAS – Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share 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 period in the prior year, the firm posted $0.83 EPS. As a group, analysts predict that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm 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. This represents a $1.24 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is 32.98%.

Analyst Ratings Changes

Several brokerages have issued reports on MAS. UBS Group dropped their target price on shares of Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Barclays increased their price target on shares of Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. 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. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.32.

Check Out Our Latest Research Report on MAS

Hedge Funds Weigh In On Masco

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Masco in the 4th quarter worth approximately $25,466,000. Jefferies Financial Group Inc. grew its stake in shares of Masco by 105.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 15,882 shares of the construction company’s stock worth $1,153,000 after purchasing an additional 8,168 shares during the period. Mackenzie Financial Corp grew its stake in shares of Masco by 85.7% during the 4th quarter. Mackenzie Financial Corp now owns 157,944 shares of the construction company’s stock worth $11,462,000 after purchasing an additional 72,875 shares during the period. Forum Financial Management LP acquired a new stake in shares of Masco during the 4th quarter worth approximately $221,000. Finally, Toronto Dominion Bank grew its stake in shares of Masco by 4.3% during the 4th quarter. Toronto Dominion Bank now owns 132,033 shares of the construction company’s stock worth $9,581,000 after purchasing an additional 5,431 shares during the period. Institutional investors and hedge funds 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.

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