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Masco Co. (NYSE:MAS - Get Rating) - KeyCorp decreased their Q3 2022 EPS estimates for shares of Masco in a research note issued to investors on Monday, August 8th. KeyCorp analyst K. Zener now expects that the construction company will post earnings per share of $1.11 for the quarter, down from their previous estimate of $1.19. The consensus estimate for Masco's current full-year earnings is $4.18 per share. KeyCorp also issued estimates for Masco's FY2022 earnings at $4.16 EPS and FY2023 earnings at $4.48 EPS.

Masco (NYSE:MAS - Get Rating) last issued its 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). Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $1.14 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year.

Several other equities research analysts have also issued reports on MAS. Robert W. Baird lifted their price target on shares of Masco from $68.00 to $72.00 in a report on Thursday, April 28th. UBS Group lowered their price target 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. Truist Financial cut their price objective on Masco from $77.00 to $70.00 in a report on Thursday, April 28th. Barclays lowered their target price on Masco from $68.00 to $66.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Finally, StockNews.com cut Masco from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $64.15.Masco Stock Performance

Masco stock opened at $53.65 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 52.66. The stock has a market cap of $12.10 billion, a PE ratio of 14.90, a P/E/G ratio of 1.05 and a beta of 1.22. Masco has a 12-month low of $46.27 and a 12-month high of $71.06. The business's 50-day moving average price is $52.90 and its two-hundred day moving average price is $54.48. Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, August 11th. Masco's dividend payout ratio (DPR) is presently 31.11%. Insiders Place Their Bets

In related 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 transaction of $520,200.00. Following the transaction, the chief executive officer now owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Masco news, CEO Keith J. Allman sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following the completion of the sale, the chief executive officer now owns 288,295 shares of the company's stock, valued at $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $394,660.00. Following the transaction, the director now directly owns 10,160 shares in the company, valued at $572,820.80. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock. Institutional Investors Weigh In On Masco

Several hedge funds and other institutional investors have recently made changes to their positions in MAS. Qube Research & Technologies Ltd raised its stake in shares of Masco by 21.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 197,827 shares of the construction company's stock worth $13,891,000 after purchasing an additional 35,171 shares during the last quarter. Hartford Investment Management Co. raised its holdings in shares of Masco by 8.2% in the fourth quarter. Hartford Investment Management Co. now owns 24,709 shares of the construction company's stock valued at $1,735,000 after purchasing an additional 1,876 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of Masco during the fourth quarter valued at about $240,000. Brighton Jones LLC purchased a new position in Masco during the fourth quarter worth about $201,000. Finally, Nisa Investment Advisors LLC grew its position in Masco by 120.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 60,490 shares of the construction company's stock worth $3,831,000 after purchasing an additional 33,067 shares in the last quarter. 93.76% of the stock is owned by institutional investors. 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.Recommended StoriesGet a free copy of the StockNews.com research report on Masco (MAS)3 Stable Growth Stocks for Bumpy TimesLarge And Small Oil-And-Gas Stocks See Post-Earnings BounceThe 2 Dow Stocks with Decade-Long Win Streaks on the LineCould Rite Aid Be an Acquisition Target, Again? The How And Why of Investing in Oil Stocks

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