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 paid a dividend of 0.29 per share by the construction company on Monday, November 25th. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th.
Masco has increased its dividend by an average of 27.9% annually over the last three years and has raised its dividend every year for the last 11 years. Masco has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 NYSE MAS opened at $80.34 on Thursday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company has a market cap of $17.69 billion, a PE ratio of 19.69, a P/E/G ratio of 2.78 and a beta of 1.24. Masco has a 1-year low of $51.72 and a 1-year high of $86.70. The stock has a fifty day moving average price of $81.56 and a 200 day moving average price of $74.45.
Analysts Set New Price Targets
A number of analysts recently issued reports on MAS shares. UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial lifted their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.85.
Insider Transactions at Masco
In related news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.
Masco Company Profile
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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