Breaking: Time to Buy Masco Corp After Today’s Significant Decline?

Breaking: Time to Buy Masco Corp After Today's Significant Decline?

The stock of Masco Corp (NYSE:MAS) is a huge mover today! About 1.99M shares traded hands. Masco Corp (NYSE:MAS) has risen 20.49% since March 4, 2016 and is uptrending. It has outperformed by 12.45% the S&P500.
The move comes after 7 months negative chart setup for the $11.47B company. It was reported on Oct, 7 by We have $31.68 PT which if reached, will make NYSE:MAS worth $802.90 million less.

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 $144.85 million for 19.80 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 “Outperform” rating by Wells Fargo given on Thursday, September 29. Jefferies maintained it with “Buy” rating and $42 target price in Wednesday, July 27 report. The rating was maintained by JP Morgan on Thursday, March 24 with “Overweight”. The rating was maintained by Barclays Capital with “Overweight” on Thursday, April 7. The firm has “Overweight” rating given on Wednesday, October 28 by Barclays Capital. The rating was downgraded by Vertical Research to “Hold” on Thursday, March 31. The firm has “Buy” rating given on Tuesday, October 6 by Goldman Sachs. As per Wednesday, October 28, the company rating was maintained by M Partners. The stock of Masco Corp (NYSE:MAS) has “Outperform” rating given on Friday, January 22 by Robert W. Baird. The stock of Masco Corp (NYSE:MAS) earned “Buy” rating by Evercore on Monday, January 25.

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 is positive, 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.
Dimensional Fund Advsrs Lp has invested 0.02% of its portfolio in Masco Corp (NYSE:MAS). Ncm Cap Advisers Incorporated, a North Carolina-based fund reported 26,148 shares. Dubuque Financial Bank holds 0% of its portfolio in Masco Corp (NYSE:MAS) for 172 shares. The Japan-based Blackrock Japan Limited has invested 0.08% in Masco Corp (NYSE:MAS). Teachers Advsr has invested 0.13% of its portfolio in Masco Corp (NYSE:MAS). Moreover, Mercer Advisers has 0.01% invested in Masco Corp (NYSE:MAS) for 300 shares. Comml Bank Of Montreal Can accumulated 0.01% or 205,025 shares. Montag A Associates Inc last reported 144,501 shares in the company. Glg Ltd has invested 0.05% of its portfolio in Masco Corp (NYSE:MAS). Moreover, Amer Century Inc has 0% invested in Masco Corp (NYSE:MAS) for 9,002 shares. Moreover, Sentinel Asset Mngmt has 0.06% invested in Masco Corp (NYSE:MAS) for 80,000 shares. State Street holds 15.23M shares or 0.05% of its portfolio. The New Jersey-based Private Advisor Grp Inc Llc has invested 0.01% in Masco Corp (NYSE:MAS). Chase Inv Counsel holds 40,283 shares or 0.55% of its portfolio. Cantab Cap Prns Llp holds 0% or 48,220 shares in its portfolio.

Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 10 sales for $6.76 million net activity. On Thursday, July 28 the insider MANOOGIAN RICHARD A sold $1.61M. LOSH J MICHAEL had sold 648 shares worth $19,984. On Tuesday, May 31 Straber Renee sold $120,439 worth of the stock or 3,694 shares. $720,414 worth of Masco Corp (NYSE:MAS) was sold by Sznewajs John G on Thursday, July 28. $255,814 worth of Masco Corp (NYSE:MAS) was sold by PLANT JOHN C. Shares for $149,236 were sold by Kastner Christopher K.. On Thursday, July 28 Cole Kenneth G. sold $134,345 worth of the stock or 3,609 shares.

Another recent and important Masco Corp (NYSE:MAS) news was published by 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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