As of Thursday close, Masco Corporation’s (NYSE:MAS) stock was down -$1.22, moving down -2.02 percent to $59.32. The average number of shares traded per day over the past five days has been 1,823,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.69 fall in that time frame. In the last twenty days, the average volume was 2,095,275, while in the previous 50 days, it was 1,946,248.
Since last month, MAS stock rose 5.65%. Shares of the company fell to $54.78 on 07/06/23, the lowest level in the past month. A 52-week high of $63.85 was reached on 07/27/23 after having rallying from a 52-week low of $42.33. Since the beginning of this year, MAS’s stock price has risen by 27.11% or $12.65, and marked a new high 19 times. However, the stock has declined by -7.10% since its 52-week high.
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MAS stock investors should be aware that Masco Corporation (MAS) stock had its last reported insider trading activity 7 days ago on Jul 28. Straber Renee, the VP – Chief HR Officer of the company, disposed of 41,200 shares for $61.13 on Jul 28. It resulted in a $2,518,580 divestment by the insider. Allman Keith J. sold 188,040 shares at an average price of $59.77 on Jul 13. The insider now owns 200,305 shares following the transaction. On Jun 07, VP, General Counsel and Sec. Cole Kenneth G. sold 10,000 shares at $54.95 apiece. The transaction was valued at $549,531.
Valuation Metrics
The latest dividend of $0.2850 per share was paid out, remained unchanged from last year’s $0.2850.
Financial Health
In the three months ended June 29, Masco Corporation’s quick ratio stood at 1.10, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.50% percent. In the year ended June 29, EBITDA margin amounted to 16.91%, whereas operating margins totaled 15.20%. Based on annual data, MAS earned $2.71 billion in gross profit and brought in $8.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 38.60%. Return on equity (ROE) for the past 12 months was -192.30%.
In Masco Corporation’s quarter-end financial report for June 29, it reported total debt of $2.95 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MAS’s revenue fell -10.58% to $1.98 billion during the quarter, while net income inched up to $2.13 billion. While analysts expected Masco Corporation to report $0.96 quarterly earnings, the actual figure was $1.19 per share, beating the consensus estimate by 24.00%. During the quarter, the company generated $403.0 million in EBITDA. The liabilities of Masco Corporation were 5.3 billion at the end of its most recent quarter ended June 29, and its total debt was $3.28 billion. The value of shareholders’ equity is $224.93 million.
Technical Picture
This quick technical analysis looks at Masco Corporation’s (MAS) price momentum. With a historical volatility rate of 22.23%, the RSI 9-day stood at 45.08% on 03 August.
With respect to its five-day moving average, the current Masco Corporation price is down by -4.34% percent or -$2.69. At present, MAS shares trade +7.46% above its 20-day simple moving average and +18.40% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.97% above its SMA50 and +26.51% above its SMA200.
Stochastic coefficient K was 29.56% and Stochastic coefficient D was 41.28%, while ATR was 1.41. Given the Stochastic reading of 6.97% for the 14-day period, the RSI (14) reading has been calculated as 51.61%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.10.
Analyst Ratings
Jefferies upgraded its rating on Masco Corporation (NYSE: MAS) to a Buy in a note to investors on April 28, 2023. The analysts firm previously had a Hold rating on the stock.Masco Corporation (MAS) has been rated Overweight by analysts. According to 1 brokerage firm, MAS is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate Masco Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $67.50, the current consensus forecast for the stock is $45.00 – $75.00. Based on these forecasts, analysts predict Masco Corporation (MAS) will achieve an average price target of $66.75.
