Masco Corp (NYSE:MAS) CFO Sells $927,200.00 in Stock

Share on StockTwits

Masco Corp (NYSE:MAS) CFO John G. Sznewajs sold 20,000 shares of Masco stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $46.36, for a total value of $927,200.00.

Shares of Masco stock opened at $46.36 on Monday. The firm has a market capitalization of $13.16 billion, a P/E ratio of 18.54, a P/E/G ratio of 2.40 and a beta of 1.42. Masco Corp has a 52 week low of $27.03 and a 52 week high of $47.51. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 120.48. The firm’s 50 day moving average is $45.70 and its two-hundred day moving average is $41.14.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). Masco had a return on equity of 1,500.49% and a net margin of 8.27%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Masco Corp will post 2.23 earnings per share for the current fiscal year.

Masco announced that its Board of Directors has approved a stock buyback program on Tuesday, September 17th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 16.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, October 11th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Masco’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, October 10th. Masco’s dividend payout ratio (DPR) is 21.60%.

MAS has been the topic of a number of recent research reports. Buckingham Research lowered shares of Masco from a “buy” rating to a “neutral” rating and cut their target price for the stock from $49.00 to $46.00 in a research note on Wednesday, September 18th. Argus lifted their price target on shares of Masco from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of Masco from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Friday, November 1st. Finally, Bank of America dropped their price objective on shares of Masco from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.71.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Masco by 1.0% during the second quarter. Vanguard Group Inc. now owns 30,959,456 shares of the construction company’s stock worth $1,214,850,000 after purchasing an additional 302,882 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Masco by 7.3% in the 2nd quarter. APG Asset Management N.V. now owns 7,491,385 shares of the construction company’s stock valued at $258,133,000 after purchasing an additional 507,300 shares during the period. Invesco Ltd. grew its stake in Masco by 119.2% during the 2nd quarter. Invesco Ltd. now owns 4,858,957 shares of the construction company’s stock worth $190,665,000 after buying an additional 2,641,856 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Masco by 31.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,541,456 shares of the construction company’s stock worth $189,288,000 after buying an additional 1,073,631 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Masco by 3,506.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,530,529 shares of the construction company’s stock worth $177,778,000 after buying an additional 4,404,891 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

About Masco

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.

Recommended Story: What is the outlook for the FAANG stocks?

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

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.com's FREE daily email newsletter.