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 Stock Performance
Shares of MAS remained flat at $56.29 during mid-day trading on Thursday. 1,255,638 shares of the company's stock were exchanged, compared to its average volume of 2,308,040. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.16 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 business's 50 day moving average price is $52.79 and its two-hundred day moving average price is $54.22. The company has a debt-to-equity ratio of 52.66, a quick ratio of 0.81 and a current ratio of 1.36.
Masco (NYSE:MAS - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.05). The firm had revenue of $2.35 billion during 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 for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, research analysts forecast that Masco will post 4.17 EPS for the current fiscal year.
Masco Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 11th. Masco's dividend payout ratio (DPR) is presently 31.11%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Masco from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Monday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Masco in a research note on Wednesday. They issued a "hold" rating and a $61.00 price target for the company. Truist Financial reduced their price target on shares of Masco from $77.00 to $70.00 in a research note on Thursday, April 28th. JPMorgan Chase & Co. reduced their price target on shares of Masco from $58.00 to $54.00 in a research note on Friday, July 15th. Finally, UBS Group reduced their price target on shares of Masco from $81.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $63.93.
Insider Transactions at Masco
In other 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 transaction, the director now owns 10,160 shares of the company's stock, valued at $572,820.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Keith J. Allman sold 10,000 shares of the business's stock in a transaction on 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 $14,997,105.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles K. Stevens III sold 7,000 shares of the company's stock in a transaction on 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 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.
