The stock of Masco Corp (NYSE:MAS) is a huge mover today! About 978,157 shares traded hands. Masco Corp (NYSE:MAS) has risen 18.19% since March 3, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.
The move comes after 5 months positive chart setup for the $11.61B company. It was reported on Oct, 6 by Barchart.com. We have $44.15 PT which if reached, will make NYSE:MAS worth $3.13B more.
Analysts await Masco Corp (NYSE:MAS) to report earnings on October, 25. They expect $0.43 earnings per share, up 26.47% or $0.09 from last year’s $0.34 per share. MAS’s profit will be $143.62 million for 20.21 P/E if the $0.43 EPS becomes a reality. After $0.46 actual earnings per share reported by Masco Corp for the previous quarter, Wall Street now forecasts -6.52% negative EPS growth.
Masco Corp (NYSE:MAS) Ratings Coverage
Out of 14 analysts covering Masco (NYSE:MAS), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. Masco has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, October 28 by Barclays Capital. Vertical Research downgraded Masco Corp (NYSE:MAS) on Thursday, March 31 to “Hold” rating. The firm earned “Overweight” rating on Thursday, April 7 by Barclays Capital. On Friday, January 15 the stock rating was upgraded by UBS to “Buy”. On Wednesday, January 6 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm has “Buy” rating by Goldman Sachs given on Tuesday, October 6. The stock of Masco Corp (NYSE:MAS) earned “Neutral” rating by M Partners on Wednesday, October 28. The rating was maintained by M Partners on Tuesday, July 28 with “Neutral”. The rating was upgraded by SunTrust to “Buy” on Tuesday, July 28. The company was maintained on Wednesday, July 27 by Jefferies.
According to Zacks Investment Research, “Masco Corporation is the country’s leading manufacturer of home improvement and building products that bring the highest quality and value to your home and family. Although Masco may not yet be a household word, you probably recognize some of our family members. Currently, we have over 30 quality building products manufacturers in our family.”
Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.05, from 0.94 in 2016Q1. The ratio increased, as 48 funds sold all Masco Corp shares owned while 187 reduced positions. 57 funds bought stakes while 176 increased positions. They now own 295.06 million shares or 5.25% less from 311.42 million shares in 2016Q1.
First Advisors Limited Partnership reported 644,411 shares or 0.06% of all its holdings. Td Asset Management Incorporated last reported 167,651 shares in the company. Guggenheim Limited Liability Co holds 0.15% or 1.50M shares in its portfolio. Goldman Sachs Group has 2.43 million shares for 0.02% of their US portfolio. The New York-based Robecosam Usa has invested 2.92% in Masco Corp (NYSE:MAS). Principal Grp owns 992,124 shares or 0.04% of their US portfolio. California Public Employees Retirement has invested 0.04% of its portfolio in Masco Corp (NYSE:MAS). Bb&T Secs Ltd Liability Corporation has 17,673 shares for 0.01% of their US portfolio. Moreover, Federated Incorporated Pa has 0.08% invested in Masco Corp (NYSE:MAS) for 881,201 shares. Pnc Financial Svcs Group has invested 0% of its portfolio in Masco Corp (NYSE:MAS). Bessemer Group, a New Jersey-based fund reported 3,276 shares. Fiduciary Company holds 0.02% of its portfolio in Masco Corp (NYSE:MAS) for 20,519 shares. Tiaa Cref Investment Ltd Limited Liability Company has 0.12% invested in the company for 5.12M shares. Voloridge Investment Management Limited Com holds 0.29% or 333,250 shares in its portfolio. Synovus Finance Corp last reported 0.06% of its portfolio in the stock.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 10 insider sales for $6.76 million net activity. Sznewajs John G also sold $720,414 worth of Masco Corp (NYSE:MAS) shares. Shares for $19,984 were sold by LOSH J MICHAEL on Thursday, May 5. 3,609 shares were sold by Cole Kenneth G., worth $134,345. ARCHER DENNIS W had sold 680 shares worth $21,049. 44,008 shares were sold by MANOOGIAN RICHARD A, worth $1.61M on Thursday, July 28. 4,085 shares were sold by Kastner Christopher K., worth $149,236 on Friday, July 29. Straber Renee sold 3,694 shares worth $120,439.
Another recent and important Masco Corp (NYSE:MAS) news was published by Nasdaq.com which published an article titled: “January 2019 Options Now Available For Masco Corp.” on September 12, 2016.
MAS Company Profile
Masco Corporation, incorporated on June 15, 1962, designs, makes, markets and distributes branded home improvement and building products. The Firm operates through four business divisions: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. The Firm has a portfolio of brands, which includes KRAFTMAID, MERILLAT, HANSGROHE, HOT SPRING, CALDERA, BEHR, KILZ, LIBERTY, BRAINERD, MILGARD, DELTA and PEERLESS.
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