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.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on MAS. Deutsche Bank Aktiengesellschaft started coverage on shares of Masco in a research note on Wednesday. They issued a "hold" rating and a $61.00 target price for the company. BMO Capital Markets dropped their price target on shares of Masco from $68.00 to $60.00 in a research report on Monday, August 1st. Wells Fargo & Company boosted their price objective on shares of Masco from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Monday, August 1st. UBS Group lowered their price objective on shares of Masco from $81.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, July 29th. Finally, StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $63.93.
Masco Price Performance
Shares of MAS traded down $0.63 during trading hours on Friday, hitting $55.66. The stock had a trading volume of 34,502 shares, compared to its average volume of 1,829,471. The company's fifty day moving average is $52.78 and its two-hundred day moving average is $54.17. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. Masco has a 52 week low of $46.27 and a 52 week high of $71.06. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.16 and a beta of 1.22.
Masco (NYSE:MAS - Get Rating) last posted its earnings results 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). Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $1.14 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Masco will post 4.17 EPS for the current year.
Masco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 11th. Masco's dividend payout ratio is currently 31.11%.
Insider Activity
In other news, CEO Keith J. Allman sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the transaction, the chief executive officer now owns 288,295 shares of the company's stock, valued at approximately $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Keith J. Allman sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the transaction, the chief executive officer now owns 288,295 shares of the company's stock, valued at approximately $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles K. Stevens III sold 7,000 shares of the firm's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $56.38, for a total transaction of $394,660.00. Following the completion of the transaction, the director now directly owns 10,160 shares in the company, valued at approximately $572,820.80. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.
