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.
Masco Price Performance
Shares of NYSE:MAS traded up $0.82 on Friday, reaching $55.58. 1,512,276 shares of the company traded hands, compared to its average volume of 1,801,990. The stock has a market capitalization of $12.53 billion, a PE ratio of 15.44, a P/E/G ratio of 1.13 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. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. The company's 50 day moving average is $52.84 and its 200-day moving average is $54.35.
Masco (NYSE:MAS - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.05). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. As a group, analysts anticipate that Masco will post 4.17 earnings per share for the current fiscal year.
Masco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors 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 2.02%. The ex-dividend date of this dividend is Thursday, August 11th. Masco's dividend payout ratio is currently 31.11%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. UBS Group decreased their target price 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. Robert W. Baird raised their target price on shares of Masco from $68.00 to $72.00 in a research note on Thursday, April 28th. Wells Fargo & Company boosted their target price on shares of Masco from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on Masco from $58.00 to $54.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $64.15.
Insider Transactions at Masco
In related news, Director Charles K. Stevens III sold 7,000 shares of the business's stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $56.38, for a total value of $394,660.00. Following 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 the SEC website. In other Masco news, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.02, for a total transaction of $520,200.00. Following the completion of the transaction, the chief executive officer now owns 288,295 shares of the company's stock, valued at approximately $14,997,105.90. The transaction 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 company'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 sale, the director now owns 10,160 shares of the company's stock, valued at $572,820.80. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
