Masco Corp (MAS) Director Richard A. Manoogian Sells 50,000 Shares

Masco Corp (NYSE:MAS) Director Richard A. Manoogian sold 50,000 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $31.30, for a total value of $1,565,000.00. Following the completion of the sale, the director now directly owns 575,961 shares in the company, valued at approximately $18,027,579.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Masco stock traded down $0.01 on Friday, reaching $31.02. 398,057 shares of the company were exchanged, compared to its average volume of 5,996,567. The firm has a market capitalization of $9.60 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.56. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 14.35. Masco Corp has a fifty-two week low of $27.15 and a fifty-two week high of $46.44.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Analysts expect that Masco Corp will post 2.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be issued a dividend of $0.12 per share. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.55%. Masco’s payout ratio is currently 24.74%.

Several hedge funds have recently modified their holdings of MAS. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Masco by 103.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the construction company’s stock valued at $134,000 after buying an additional 1,858 shares in the last quarter. Acropolis Investment Management LLC purchased a new position in shares of Masco during the third quarter valued at $146,000. NuWave Investment Management LLC grew its holdings in shares of Masco by 3,600.9% during the third quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after buying an additional 4,069 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Masco during the third quarter valued at $200,000. Finally, Capital Investment Advisors LLC purchased a new position in shares of Masco during the second quarter valued at $202,000. Institutional investors and hedge funds own 89.61% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine downgraded Masco from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Deutsche Bank dropped their price objective on Masco from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Citigroup boosted their target price on Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Masco in a research report on Wednesday, October 31st. Finally, Argus set a $43.00 target price on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.95.

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Masco Company Profile

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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Insider Buying and Selling by Quarter for Masco (NYSE:MAS)

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