Masco (NYSE:MAS) Sets New 52-Week High at $48.75

Masco Corp (NYSE:MAS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.75 and last traded at $48.72, with a volume of 48731 shares traded. The stock had previously closed at $48.72.

Several brokerages have recently issued reports on MAS. Zacks Investment Research raised shares of Masco from a “sell” rating to a “hold” rating and set a $51.00 price objective on the stock in a research note on Friday, January 3rd. Atlantic Securities initiated coverage on shares of Masco in a research note on Monday, December 16th. They issued an “overweight” rating and a $60.00 target price on the stock. Deutsche Bank assumed coverage on Masco in a report on Wednesday, November 27th. They set a “buy” rating and a $52.00 price objective for the company. Goldman Sachs Group assumed coverage on Masco in a research note on Friday, December 6th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Buckingham Research cut Masco from a “buy” rating to a “neutral” rating and lowered their price target for the company from $49.00 to $46.00 in a research note on Wednesday, September 18th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $48.88.

The company has a debt-to-equity ratio of 120.48, a quick ratio of 0.98 and a current ratio of 1.46. The company has a market cap of $13.73 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.86 and a beta of 1.43. The stock has a 50-day moving average of $47.25 and a two-hundred day moving average of $43.14.

Masco (NYSE:MAS) last released its earnings results on Wednesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.01). Masco had a net margin of 8.27% and a return on equity of 1,500.49%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm posted $0.61 earnings per share. Masco’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts predict that Masco Corp will post 2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 9th. Masco’s payout ratio is currently 21.60%.

In other news, insider Richard A. O’reagan sold 11,125 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $45.85, for a total value of $510,081.25. Following the transaction, the insider now directly owns 43,278 shares in the company, valued at approximately $1,984,296.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jai Shah sold 73,118 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $45.63, for a total transaction of $3,336,374.34. Insiders have sold a total of 290,650 shares of company stock valued at $13,385,233 in the last 90 days. Insiders own 1.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Usca Ria LLC acquired a new position in shares of Masco in the third quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Masco in the 3rd quarter worth $42,000. CSat Investment Advisory L.P. lifted its position in Masco by 88.4% during the second quarter. CSat Investment Advisory L.P. now owns 1,198 shares of the construction company’s stock valued at $47,000 after purchasing an additional 562 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Masco by 1,817.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,783 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Masco by 18.6% in the second quarter. Rehmann Capital Advisory Group now owns 2,005 shares of the construction company’s stock valued at $79,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 91.35% of the company’s stock.

About Masco (NYSE:MAS)

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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