StockNews.com reduce shares of Masco (NYSE:MAS – Free Report) from a purchase ranking to a maintain ranking in a analysis report despatched to traders on Wednesday.
A number of different equities analysts have additionally weighed in on MAS. Jefferies Monetary Group elevated their worth goal on Masco from $89.00 to $96.00 and gave the corporate a “purchase” ranking in a report on Wednesday, October ninth. Truist Monetary elevated their worth goal on Masco from $84.00 to $92.00 and gave the corporate a “purchase” ranking in a report on Wednesday. Loop Capital elevated their worth goal on Masco from $76.00 to $87.00 and gave the corporate a “maintain” ranking in a report on Wednesday. Royal Financial institution of Canada lowered Masco from an “outperform” ranking to a “sector carry out” ranking and elevated their worth goal for the corporate from $79.00 to $80.00 in a report on Wednesday. Lastly, Wells Fargo & Firm elevated their worth goal on Masco from $90.00 to $92.00 and gave the corporate an “obese” ranking in a report on Monday, October seventh. Eight analysis analysts have rated the inventory with a maintain ranking and 7 have given a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, the inventory has a consensus ranking of “Maintain” and a median worth goal of $84.85.
Masco Inventory Efficiency
MAS inventory opened at $80.34 on Wednesday. The agency has a market cap of $17.69 billion, a PE ratio of 19.69, a P/E/G ratio of two.78 and a beta of 1.24. The corporate has a fast ratio of 1.12, a present ratio of 1.76 and a debt-to-equity ratio of 16.18. The enterprise has a 50 day shifting common of $81.56 and a 200-day shifting common of $74.45. Masco has a 12-month low of $51.72 and a 12-month excessive of $86.70.
Masco (NYSE:MAS – Get Free Report) final launched its earnings outcomes on Tuesday, October twenty ninth. The development firm reported $1.08 earnings per share (EPS) for the quarter, assembly the consensus estimate of $1.08. The corporate had income of $1.98 billion in the course of the quarter, in comparison with analyst estimates of $2 billion. Masco had a return on fairness of 602.39% and a web margin of 11.59%. Masco’s quarterly income was up .2% on a year-over-year foundation. Throughout the identical interval within the prior yr, the corporate posted $1.00 earnings per share. As a bunch, sell-side analysts anticipate that Masco will submit 4.1 earnings per share for the present yr.
Masco Publicizes Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which might be paid on Monday, November twenty fifth. Buyers of file on Friday, November eighth might be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November eighth. This represents a $1.16 dividend on an annualized foundation and a dividend yield of 1.44%. Masco’s dividend payout ratio (DPR) is presently 28.43%.
Insider Shopping for and Promoting
In associated information, VP Kenneth G. Cole offered 37,814 shares of the inventory in a transaction on Tuesday, September tenth. The inventory was offered at a median worth of $78.32, for a complete worth of $2,961,592.48. Following the sale, the vp now owns 36,980 shares within the firm, valued at roughly $2,896,273.60. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is accessible by way of the SEC web site. 1.10% of the inventory is at present owned by firm insiders.
Institutional Buyers Weigh In On Masco
Institutional traders and hedge funds have not too long ago made modifications to their positions within the enterprise. New Covenant Belief Firm N.A. bought a brand new stake in shares of Masco within the first quarter value $25,000. Innealta Capital LLC bought a brand new stake in Masco in the course of the second quarter valued at about $25,000. Household Agency Inc. bought a brand new stake in Masco in the course of the second quarter valued at about $30,000. Larson Monetary Group LLC raised its place in Masco by 4,545.5% in the course of the first quarter. Larson Monetary Group LLC now owns 511 shares of the development firm’s inventory valued at $40,000 after buying a further 500 shares within the final quarter. Lastly, LRI Investments LLC bought a brand new stake in Masco in the course of the first quarter valued at about $44,000. Hedge funds and different institutional traders personal 93.91% of the corporate’s inventory.
Masco Firm Profile
Masco Company designs, manufactures, and distributes dwelling enchancment and constructing merchandise in North America, Europe, and internationally. The corporate’s Plumbing Merchandise section presents taps, showerheads, handheld showers, valves, tub {hardware} and equipment, bathing models, bathe bases and enclosures, sinks, bogs, acrylic tubs, bathe trays, spas, train swimming pools, and health programs; brass, copper, and composite plumbing system elements; related water merchandise; thermoplastic options, extruded plastic profiles, specialised fabrications, and PEX tubing merchandise; and different non-decorative plumbing merchandise.
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