Masco Co. (NYSE:MAS) CEO Sells $498,800.00 in Stock

Masco Co. (NYSE:MASGet Rating) CEO Keith J. Allman sold 10,000 shares of the stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $49.88, for a total value of $498,800.00. Following the transaction, the chief executive officer now owns 298,295 shares of the company’s stock, valued at $14,878,954.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MAS opened at $49.39 on Friday. Masco Co. has a 12-month low of $49.36 and a 12-month high of $71.06. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.10 and a beta of 1.35. The business has a 50 day moving average of $54.48 and a 200-day moving average of $61.18. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 52.66.

Masco (NYSE:MASGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The construction company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.04). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. Masco had a return on equity of 856.22% and a net margin of 4.90%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, analysts expect that Masco Co. will post 4.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 14th. Investors of record on Friday, February 25th were issued a dividend of $0.28 per share. This is a boost from Masco’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, February 24th. Masco’s dividend payout ratio (DPR) is presently 68.29%.

A number of research firms recently issued reports on MAS. The Goldman Sachs Group decreased their price objective on Masco from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. Credit Suisse Group began coverage on Masco in a research note on Tuesday, April 5th. They issued an “underperform” rating and a $50.00 price target for the company. TheStreet downgraded Masco from a “b-” rating to a “c” rating in a research note on Friday, February 11th. Finally, Bank of America downgraded Masco from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $75.00 to $55.00 in a research note on Monday, April 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $68.08.

A number of large investors have recently added to or reduced their stakes in MAS. First Trust Advisors LP acquired a new stake in Masco during the 1st quarter worth approximately $1,280,000. Morgan Stanley lifted its holdings in Masco by 11.9% during the 2nd quarter. Morgan Stanley now owns 936,129 shares of the construction company’s stock worth $55,148,000 after purchasing an additional 99,681 shares during the last quarter. Bank of America Corp DE lifted its holdings in Masco by 9.6% during the 2nd quarter. Bank of America Corp DE now owns 2,556,511 shares of the construction company’s stock worth $150,605,000 after purchasing an additional 223,895 shares during the last quarter. Spire Wealth Management lifted its holdings in Masco by 9.6% during the 3rd quarter. Spire Wealth Management now owns 2,300 shares of the construction company’s stock worth $128,000 after purchasing an additional 202 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in Masco by 15.6% in the 3rd quarter. Ballentine Partners LLC now owns 4,265 shares of the construction company’s stock valued at $236,000 after acquiring an additional 575 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

About Masco (Get Rating)

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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