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Masco (NYSE:MAS - Get Rating) issued its quarterly earnings results on Thursday. The construction company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.05), Briefing.com reports. Masco had a return on equity of 3,870.83% and a net margin of 6.38%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the firm posted $1.14 EPS. Masco's revenue was up 7.9% compared to the same quarter last year. Masco updated its FY22 guidance to $4.15-4.25 EPS and its FY 2022 guidance to $4.15-$4.25 EPS.Masco Trading Up 0.9 %
NYSE MAS traded up $0.47 during trading hours on Friday, reaching $55.75. The company had a trading volume of 87,092 shares, compared to its average volume of 2,372,170. The stock has a 50-day moving average of $53.40 and a 200 day moving average of $55.31. Masco has a 1-year low of $46.27 and a 1-year high of $71.06. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 52.66. The stock has a market capitalization of $13.15 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. Masco Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.01%. Masco's payout ratio is currently 49.34%. Insider Buying and Selling at Masco
In other Masco news, Director Charles K. Stevens III sold 7,000 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. In other Masco news, Director Charles K. Stevens III sold 7,000 shares of the business'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 sale, the director now directly owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith J. Allman sold 10,000 shares of the business's stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $52.02, for a total transaction of $520,200.00. Following the sale, the chief executive officer now owns 288,295 shares in the company, valued at $14,997,105.90. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders. Institutional Trading of Masco
A number of large investors have recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Masco by 7.6% during the first quarter. Invesco Ltd. now owns 2,241,480 shares of the construction company's stock worth $114,316,000 after buying an additional 157,918 shares during the period. Ariel Investments LLC increased its stake in shares of Masco by 3.6% during the first quarter. Ariel Investments LLC now owns 1,903,732 shares of the construction company's stock worth $97,090,000 after buying an additional 66,159 shares during the period. Robeco Schweiz AG increased its stake in shares of Masco by 0.7% during the first quarter. Robeco Schweiz AG now owns 1,790,051 shares of the construction company's stock worth $91,293,000 after buying an additional 12,951 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Masco by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,223,239 shares of the construction company's stock worth $62,385,000 after buying an additional 26,960 shares during the period. Finally, Earnest Partners LLC increased its stake in shares of Masco by 4.9% during the first quarter. Earnest Partners LLC now owns 1,040,954 shares of the construction company's stock worth $53,089,000 after buying an additional 49,027 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes
Several equities research analysts have issued reports on MAS shares. The Goldman Sachs Group lowered their target price on shares of Masco from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 12th. Barclays lowered their target price on shares of Masco from $68.00 to $66.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Wells Fargo & Company lowered their target price on shares of Masco from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of Masco from $58.00 to $54.00 in a research note on Friday, July 15th. Finally, Credit Suisse Group initiated coverage on shares of Masco in a research note on Tuesday, April 5th. They set an "underperform" rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.33.About Masco (Get Rating)
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.See AlsoGet a free copy of the StockNews.com research report on Masco (MAS)The One Question You Have to Ask Before Investing in INTC Stock Home Depot: A Beautiful Boring Stock to Navigate a Bear Market Could CRISPR Therapeutics be a Moonshot Hiding in Plain Sight? Why Apple Shares May Have Room to Move Higher After Earnings Windfall Profits Have Exxon Mobil On Track For New Highs
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