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. This segment provides its products under the DELTA, BRIZO, PEERLESS, HANSGROHE, AXOR, KRAUS, EASY DRAIN, STEAMIST, ELITESTEAM, GINGER, NEWPORT BRASS, BRASSTECH, WALTEC, BRISTAN, HERITAGE, MIROLIN, HOT SPRING, CALDERA, FREEFLOW SPAS, FANTASY SPAS, ENDLESS POOLS, BRASSCRAFT, PLUMB SHOP, COBRA, COBRA PRO, and MASTER PLUMBER brands. Its Decorative Architectural Products segment offers paints, primers, specialty coatings, stains, and waterproofing products, as well as paint applicators and accessories; cabinet and door hardware, functional hardware, wall plates, hook and rail products, closet organization systems, and picture hanging accessories; decorative bath hardware, mirrors, and shower accessories and doors; and decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting, and LED lighting systems. This segment provides its products under the BEHR, KILZ, WHIZZ, Elder & Jenks, LIBERTY, BRAINERD, FRANKLIN BRASS, KICHLER, and ÉLAN brands. It sells its products to the plumbing, heating, and hardware wholesalers; home centers and online retailers; hardware stores; electrical and landscape distributors; lighting showrooms; building supply outlets; and other mass merchandisers. Masco Corporation was incorporated in 1929 and is headquartered in Livonia, Michigan.
Wall Street Analyst Weigh In
MAS has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Masco from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday, August 1st. StockNews.com cut Masco from a "buy" rating to a "hold" rating in a report on Friday. Robert W. Baird upped their target price on Masco from $68.00 to $72.00 in a research note on Thursday, April 28th. Bank of America lowered Masco from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $75.00 to $55.00 in a research note on Monday, April 11th. Finally, BMO Capital Markets decreased their target price on Masco from $68.00 to $60.00 in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Masco has an average rating of "Hold" and a consensus target price of $64.15.
Masco Stock Performance
MAS traded down $0.17 during trading hours on Friday, hitting $52.72. The company's stock had a trading volume of 1,175,326 shares, compared to its average volume of 1,749,429. The company has a 50-day simple moving average of $53.14 and a 200 day simple moving average of $54.66. The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 52.66. The firm has a market capitalization of $11.89 billion, a PE ratio of 14.64, a PEG ratio of 1.08 and a beta of 1.22. Masco has a fifty-two week low of $46.27 and a fifty-two week high of $71.06.
Masco (NYSE:MAS - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.05). The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts expect that Masco will post 4.18 EPS for the current year.
Masco Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be given a $0.28 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.12 annualized dividend and a dividend yield of 2.12%. Masco's dividend payout ratio (DPR) is presently 31.11%.
Insider Transactions at Masco
In other news, Director Charles K. Stevens III sold 7,000 shares of the firm's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total value of $394,660.00. Following the completion of the sale, the director now owns 10,160 shares of the company's stock, valued at $572,820.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Charles K. Stevens III sold 7,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the completion of the sale, the director now directly owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following the sale, the chief executive officer now owns 288,295 shares of the company's stock, valued at $14,997,105.90. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
