BidaskClub upgraded shares of Masco Corporation (NYSE:MAS) from a hold rating to a buy rating in a report released on Saturday.
A number of other brokerages also recently issued reports on MAS. Jefferies Group LLC reissued a buy rating and set a $43.00 price target (up previously from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Robert W. Baird reissued an outperform rating and set a $40.00 price target on shares of Masco Corporation in a research report on Wednesday, May 17th. MKM Partners reissued a buy rating and set a $43.00 price target (up previously from $40.00) on shares of Masco Corporation in a research report on Friday, May 19th. Instinet reissued a buy rating and set a $41.00 price target (up previously from $39.00) on shares of Masco Corporation in a research report on Friday, May 19th. Finally, Deutsche Bank AG increased their price target on Masco Corporation from $31.00 to $35.00 and gave the stock a hold rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Masco Corporation presently has an average rating of Buy and a consensus price target of $39.76.
Shares of Masco Corporation (NYSE MAS) traded down 0.03% during mid-day trading on Friday, hitting $38.58. The stock had a trading volume of 3,651,933 shares. Masco Corporation has a 52 week low of $29.11 and a 52 week high of $38.87. The stock has a market capitalization of $12.20 billion, a P/E ratio of 24.42 and a beta of 1.58. The stock has a 50 day moving average of $37.17 and a 200-day moving average of $34.23.
Masco Corporation (NYSE:MAS) last issued its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts predict that Masco Corporation will post $1.96 earnings per share for the current year.
In related news, Director J Michael Losh sold 2,084 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $34.54, for a total transaction of $71,981.36. Following the completion of the transaction, the director now directly owns 66,356 shares of the company’s stock, valued at approximately $2,291,936.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John P. Lindow sold 34,417 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $37.14, for a total value of $1,278,247.38. Following the transaction, the vice president now directly owns 102,434 shares of the company’s stock, valued at $3,804,398.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,485 shares of company stock valued at $7,276,653. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock valued at $102,000 after buying an additional 559 shares in the last quarter. Pathstone Family Office LLC bought a new position in shares of Masco Corporation during the first quarter valued at about $103,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock valued at $174,000 after buying an additional 106 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Masco Corporation during the first quarter valued at about $202,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Masco Corporation by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the construction company’s stock valued at $206,000 after buying an additional 176 shares in the last quarter. 89.37% 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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