Masco Co. (NYSE:MAS) Short Interest Up 11.8% in August

Masco Co. (NYSE:MASGet Rating) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,770,000 shares, an increase of 11.8% from the August 15th total of 5,160,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.6% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have issued reports on MAS. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a report on Monday, September 12th. JPMorgan Chase & Co. lowered their target price on Masco from $58.00 to $54.00 in a research note on Friday, July 15th. UBS Group lowered their target price on Masco from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Masco in a research note on Wednesday, August 17th. They issued a “hold” rating and a $61.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Masco from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.93.

Masco Price Performance

Shares of MAS opened at $48.33 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 52.66. Masco has a 1 year low of $46.27 and a 1 year high of $71.06. The stock has a market cap of $10.90 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The stock’s 50-day moving average price is $52.77 and its two-hundred day moving average price is $52.98.

Masco (NYSE:MASGet Rating) last issued its earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the business posted $1.14 EPS. Masco’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Masco will post 4.17 earnings per share for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 11th. Masco’s dividend payout ratio (DPR) is presently 31.11%.

Insider Buying and Selling at Masco

In other Masco news, CEO Keith J. Allman sold 10,000 shares of Masco stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 288,295 shares of the company’s stock, valued at $14,997,105.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Masco

Institutional investors have recently modified their holdings of the business. Clear Street Markets LLC lifted its holdings in shares of Masco by 401.0% during the 2nd quarter. Clear Street Markets LLC now owns 491 shares of the construction company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Masco during the 1st quarter valued at about $25,000. Charter Oak Capital Management LLC bought a new position in shares of Masco during the 2nd quarter valued at about $28,000. Arlington Partners LLC lifted its holdings in shares of Masco by 752.6% during the 2nd quarter. Arlington Partners LLC now owns 810 shares of the construction company’s stock valued at $41,000 after purchasing an additional 715 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Masco during the 4th quarter valued at about $71,000. Institutional investors own 92.59% of the company’s stock.

Masco Company Profile

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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.

Further Reading

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