Masco Co. (NYSE:MAS) Declares Quarterly Dividend of $0.29

by · The Cerbat Gem

Masco Co. (NYSE:MAS – Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.29 per share by the construction company on Monday, November 25th. This represents a $1.16 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th.

Masco has raised its dividend by an average of 27.9% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Masco has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Masco to earn $4.47 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.0%.

Masco Price Performance

Shares of Masco stock traded down $0.76 during trading hours on Wednesday, reaching $80.54. The company’s stock had a trading volume of 384,961 shares, compared to its average volume of 1,806,388. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco has a one year low of $51.72 and a one year high of $86.70. The firm has a 50 day moving average price of $81.52 and a 200-day moving average price of $74.41. The stock has a market cap of $17.74 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. On average, analysts predict that Masco will post 4.1 EPS for the current year.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent analyst reports. Citigroup dropped their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $79.00 to $80.00 in a report on Wednesday. Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Barclays upped their target price on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.69.

Check Out Our Latest Research Report on MAS

Masco Company Profile

(Get Free Report)

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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