Reginald M. Turner, Jr. sells 1,100 shares of Masco Co. (NYSE: MAS)

Masco Co. (NYSE: MASGet a rating) Director Reginald M. Turner, Jr. sold 1,100 shares of the company in a trade on Friday, October 28. The stock was sold at an average price of $46.81, for a total transaction of $51,491.00. Following the completion of the transaction, the director now owns 28,766 shares of the company, valued at $1,346,536.46. The sale was disclosed in an SEC filing, available at this link.

Masco Price Performance

SAM action traded down $0.83 during Monday’s trading, hitting $46.27. 2,584,637 shares of shares traded in hands, compared to its average volume of 2,204,595. Masco Co. has a 1-year low of $42.33 and a 1-year high of $71.06. The company’s 50-day moving average is $48.96 and its two-hundred-day moving average is $51.88. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 12.63, a growth price-to-earnings ratio of 1.43 and a beta of 1.21.

Mask (NYSE: MASGet a rating) last announced its quarterly results on Thursday, July 28. The construction company reported earnings per share (EPS) of $1.14 for the quarter, missing analyst consensus estimates of $1.19 per ($0.05). The company posted revenue of $2.35 billion for the quarter, versus $2.36 billion expected by analysts. Masco had a net margin of 9.81% and a negative return on equity of 331.58%. The company’s revenues increased by 7.9% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.14. As a group, analysts expect Masco Co. to post EPS of 3.75 for the current fiscal year.

Masco announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 28. Shareholders of record on Thursday, November 10 will receive a dividend of $0.28 per share. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, November 9. Masco’s payout ratio is currently 30.43%.

Hedge funds weigh on Masco

Several institutional investors have recently changed their positions in MAS. Xponance Inc. increased its stake in Masco by 1.5% in the 1st quarter. Xponance Inc. now owns 15,580 shares of the construction company worth $795,000 after purchasing an additional 228 shares during the period. Harbor Investment Advisory LLC increased its stake in Masco shares by 11.0% in Q1. Harbor Investment Advisory LLC now owns 3,214 shares of the construction company worth $164,000 after buying 319 additional shares during the period. HighTower Trust Services LTA increased its stake in Masco shares by 2.0% in Q1. HighTower Trust Services LTA now owns 15,175 shares of the construction company worth $774,000 after purchasing an additional 300 shares during the period. Empirical Finance LLC increased its stake in Masco shares by 4.1% in Q1. Empirical Finance LLC now owns 12,667 shares of the construction company worth $646,000 after purchasing an additional 495 shares during the period. Finally, Exane Derivatives increased its stake in Masco by 116.5% in the 1st quarter. Exane Derivatives now owns 10,478 shares of the construction company worth $534,000 after purchasing an additional 5,639 shares during the period. Institutional investors hold 92.59% of the company’s shares.

A Wall Street analyst gives his opinion

MAS has been the subject of several research reports. StockNews.com downgraded Masco shares from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada downgraded Masco shares from an “outperform” rating to an “sector performer” rating and lowered its price target for the stock from $57.00 to $47.00 in a report released Thursday. Barclays lowered its price target on Masco shares from $66.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday. Goldman Sachs Group cut its price target on Masco shares from $64.00 to $57.00 and set a “buy” rating on the stock in a research report Thursday. Finally, JPMorgan Chase & Co. cut its price target on Masco shares from $58.00 to $54.00 in a Friday, July 15 research report. Two analysts rated the stock with a sell rating, six gave the company a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and an average target price of $57.86.

About Masco

(Get a rating)

Masco Corporation designs, manufactures and distributes renovation and construction products in North America, Europe and internationally. The Company’s Plumbing Products segment offers faucets, shower heads, hand showers, valves, bath hardware and accessories, bath units, shower bases and enclosures, sinks, toilets, acrylic bathtubs, shower trays, spas, exercise pools and fitness systems; brass, copper and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialty fabrications and PEX piping products; and other non-decorative plumbing products.

Further reading

Insider buying and selling by quarter for Masco (NYSE:MAS)

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