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Masco (NYSE:MAS - Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $4.15-$4.25 for the period, compared to the consensus EPS estimate of $4.25. The company issued revenue guidance of -. Masco Stock Down 0.7 %
Shares of MAS stock traded down $0.39 during trading hours on Thursday, reaching $51.84. 31,716 shares of the stock were exchanged, compared to its average volume of 1,704,661. The business's fifty day moving average is $53.33 and its two-hundred day moving average is $54.92. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. Masco has a 12-month low of $46.27 and a 12-month high of $71.06. The firm has a market capitalization of $11.69 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.09 and a beta of 1.22.
Masco (NYSE:MAS - Get Rating) last released 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). The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, research analysts expect that Masco will post 4.18 EPS for the current fiscal year. Masco Announces Dividend
The business also recently declared 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 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, August 11th. Masco's dividend payout ratio is presently 31.11%. Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on Masco from $60.00 to $62.00 and gave the company an overweight rating in a research report on Monday. Loop Capital dropped their price target on Masco from $65.00 to $56.00 and set a hold rating for the company in a research report on Wednesday, April 6th. The Goldman Sachs Group dropped their price objective on Masco from $75.00 to $64.00 and set a buy rating for the company in a research report on Tuesday, April 12th. Truist Financial dropped their price objective on Masco from $77.00 to $70.00 in a research report on Thursday, April 28th. Finally, Barclays dropped their price objective on Masco from $68.00 to $66.00 and set an overweight rating for the company in a research report on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $64.15.Insider Buying and Selling
In other Masco news, CEO Keith J. Allman sold 10,000 shares of Masco stock in a transaction that occurred on 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 directly owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Charles K. Stevens III sold 7,000 shares of the business'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 completion of the sale, the director now directly owns 10,160 shares in the company, valued at approximately $572,820.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Keith J. Allman sold 10,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 288,295 shares of the company's stock, 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 Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. boosted its position in Masco by 157.1% during the 1st quarter. Zions Bancorporation N.A. now owns 2,193 shares of the construction company's stock worth $112,000 after acquiring an additional 1,340 shares during the period. Brown Brothers Harriman & Co. boosted its position in Masco by 559.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 3,065 shares of the construction company's stock worth $156,000 after acquiring an additional 2,600 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Masco during the 1st quarter worth $205,000. Prudential PLC acquired a new position in Masco during the 1st quarter worth $244,000. Finally, Echo Street Capital Management LLC lifted its holdings in shares of Masco by 31.0% in the first quarter. Echo Street Capital Management LLC now owns 5,396 shares of the construction company's stock valued at $275,000 after buying an additional 1,278 shares during the period. 93.76% of the stock is currently 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.Featured StoriesGet a free copy of the StockNews.com research report on Masco (MAS)Activision Blizzard Banks On A Flurry Of New Content Energy Transfer Is A Value Among High-Yield Energy Infrastructure3 Low Priced Stocks With Good Growth ProspectsThe Institutions Are Buying Under Armor AgainDevon Energy Looks Attractive if You Look Past the Headlines
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