Insider Selling: Masco Co. (NYSE:MAS) CEO Sells $728,697.80 in Stock

Masco Co. (NYSE:MASGet Rating) CEO Keith J. Allman sold 14,177 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $51.40, for a total value of $728,697.80. Following the completion of the transaction, the chief executive officer now directly owns 258,085 shares in the company, valued at approximately $13,265,569. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Masco Stock Down 4.3 %

Masco stock opened at $48.24 on Friday. The stock has a market cap of $10.88 billion, a PE ratio of 13.11, a P/E/G ratio of 2.17 and a beta of 1.17. Masco Co. has a 12-month low of $42.33 and a 12-month high of $67.00. The business’s 50-day moving average price is $49.35 and its two-hundred day moving average price is $50.10.

Masco (NYSE:MASGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The construction company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Masco had a negative return on equity of 331.58% and a net margin of 9.81%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, analysts expect that Masco Co. will post 3.74 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Thursday, November 10th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.32%. Masco’s dividend payout ratio is currently 30.43%.

Hedge Funds Weigh In On Masco

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Masco by 1.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 22,191,528 shares of the construction company’s stock worth $1,122,892,000 after purchasing an additional 273,848 shares during the last quarter. Boston Partners increased its position in Masco by 91.0% in the 3rd quarter. Boston Partners now owns 8,263,633 shares of the construction company’s stock valued at $385,282,000 after acquiring an additional 3,936,601 shares during the period. AustralianSuper Pty Ltd increased its position in Masco by 1.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 4,939,950 shares of the construction company’s stock valued at $230,646,000 after acquiring an additional 69,486 shares during the period. Northern Trust Corp raised its stake in shares of Masco by 0.9% during the second quarter. Northern Trust Corp now owns 4,250,135 shares of the construction company’s stock valued at $215,057,000 after acquiring an additional 36,232 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Masco by 4.8% during the third quarter. Van ECK Associates Corp now owns 3,583,260 shares of the construction company’s stock worth $167,303,000 after purchasing an additional 165,208 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on MAS shares. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $57.00 to $47.00 in a report on Thursday, October 27th. Credit Suisse Group lowered their price target on shares of Masco to $40.00 in a research report on Thursday, October 20th. Bank of America downgraded shares of Masco from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $58.00 to $46.00 in a report on Tuesday, October 18th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, BMO Capital Markets cut their price target on Masco from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, October 27th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.21.

About Masco

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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.

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Insider Buying and Selling by Quarter for Masco (NYSE:MAS)

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