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 Ratings Changes
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Masco from $68.00 to $60.00 in a report on Monday, August 1st. Robert W. Baird upped their target price on shares of Masco from $68.00 to $72.00 in a report on Thursday, April 28th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Barclays dropped their target price on shares of Masco from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Finally, UBS Group dropped their target price on shares of Masco from $81.00 to $76.00 and set a "buy" rating for the company in a report on Friday, July 29th. 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.15.
Masco Trading Down 0.3 %
NYSE:MAS opened at $55.44 on Tuesday. The firm's 50-day moving average is $52.81 and its two-hundred day moving average is $54.19. Masco has a 12 month low of $46.27 and a 12 month 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 stock has a market capitalization of $12.50 billion, a P/E ratio of 15.40, a PEG ratio of 1.15 and a beta of 1.22.
Masco (NYSE:MAS - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.05). The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. On average, sell-side analysts anticipate that Masco will post 4.17 earnings per share for the current year.
Masco Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.12 annualized dividend and a dividend yield of 2.02%. Masco's dividend payout ratio is presently 31.11%.
Insider Transactions at Masco
In other news, Director Charles K. Stevens III sold 7,000 shares of the 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 sale, the director now owns 10,160 shares of the company's stock, valued at $572,820.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Keith J. Allman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total transaction of $520,200.00. Following the sale, the chief executive officer now directly owns 288,295 shares in the company, valued at $14,997,105.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles K. Stevens III sold 7,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 10,160 shares in the company, valued at $572,820.80. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.