Masco (NYSE:MAS) VP Sells $2,779,660.80 in Stock

Key Points

• Masco VP Kenneth Cole sold 34,470 shares for about $2.78 million at an average price of $80.64, reducing his holdings by 46.47% to 39,700 shares.
• Masco reported quarterly EPS of $1.19, beating the $1.02 estimate, while revenue of $1.97 billion topped expectations and rose 2.6% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $80.94; Masco also announced a $0.32 quarterly dividend.

Masco Corporation (NYSE:MAS - Get Free Report) VP Kenneth Cole sold 34,470 shares of Masco stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.64, for a total value of $2,779,660.80. Following the completion of the transaction, the vice president owned 39,700 shares in the company, valued at $3,201,408. The trade was a 46.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Masco Trading Down 1.6%

Shares of NYSE MAS traded down $1.32 during mid-day trading on Tuesday, hitting $82.19. 2,187,780 shares of the company traded hands, compared to its average volume of 2,581,060. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.85. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.82 and a beta of 1.30. The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 109.07. The business has a 50 day moving average of $71.46 and a two-hundred day moving average of $70.95.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter last year, the business posted $0.97 EPS. Masco's revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that Masco Corporation will post 4.72 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 6th. Masco's dividend payout ratio (DPR) is 27.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Latitude Advisors LLC acquired a new stake in shares of Masco during the 3rd quarter valued at $30,000. Bell Investment Advisors Inc purchased a new position in shares of Masco during the 2nd quarter valued at $32,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Masco in the third quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in shares of Masco in the second quarter worth $49,000. Finally, Root Financial Partners LLC raised its holdings in shares of Masco by 106.3% during the first quarter. Root Financial Partners LLC now owns 879 shares of the construction company's stock worth $53,000 after acquiring an additional 453 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Masco from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. The Goldman Sachs Group reissued a "buy" rating and set a $95.00 target price on shares of Masco in a research note on Wednesday, October 28th. Citigroup reduced their target price on Masco from $79.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a research report on Monday, August 3rd. Finally, Robert W. Baird lifted their price target on Masco from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, October 29th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $80.94.

About Masco

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company's portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.

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