The stock of Masco Corporation (NYSE:MAS) increased by $0.44 on Tuesday to finish at $55.46, up 0.80 percent. The last five days have seen an average of 1,891,320 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $8.79. The average number of shares traded over the last 20 days was 1,583,985, while the average volume over the last 50 days totaled 1,687,002.
MAS stock dropped -2.34% since last month. On 09/18/23, the company’s shares reached a one-month low of $54.48. The stock touched a high of $63.85 on 07/27/23, after rallying from a low of $42.33 in 52 weeks. The price of MAS stock has risen by 18.83% or $8.79 this year, reaching a new high 19 times. Still, the stock price is down -13.15% from the 52-week high.
Insider Transactions
MAS stock investors should be aware that Masco Corporation (MAS) stock had its last reported insider trading activity 54 days ago on Jul 28. On Jul 28, VP – Chief HR Officer Straber Renee sold 41,200 shares at $61.13 each. This transaction resulted in the insider making $2,518,580. On Jul 13, Allman Keith J. sold 188,040 shares at a price of US$59.77. After the transaction, the insider now owns 200,305 shares. VP, General Counsel and Sec. Cole Kenneth G. had earlier sold 10,000 shares on Jun 07 for $54.95 a share. The transaction was completed for $549,531.
Valuation Metrics
Masco Corporation (MAS) has a trailing price-to-earnings (P/E) ratio of 15.69. Beta for the stock is 1.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, and the price-to-cash flow ratio of 15.42.
Company paid $0.2850 per share in dividends, remained unchanged from $0.2850 last year. A $0.0050 dividend increase was reported on Thursday February 9 2023.
Financial Health
For the three months ended June 29, Masco Corporation’s quick ratio was 1.10, while its current ratio was 1.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 32.50% percent. Masco Corporation’s EBITDA margin for the year ended June 29 was 16.91%, whereas its operating margin stood at 15.20% for the same period. Based on annual data, it had gross profit of $2.71 billion and revenue of $8.68 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MAS’s return on assets (ROA) during the last 12 months has been 15.00%. There was a 38.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -192.30%.
Earnings Surprise
According to Masco Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.13 billion, while revenues fell by -10.58% to $1.98 billion. It was predicted that Masco Corporation’s quarterly earnings would be $1.19, but it ended up being $0.96, beating the consensus by 24.00%. EBITDA was $403.0 million for the quarter. At the end of Masco Corporation’s most recent quarter ended June 29, its liabilities totaled 5.3 billion, while its total debt was $3.28 billion. Equity owned by shareholders amounts to $224.93 million.
Technical Picture
Here’s a quick look at Masco Corporation’s (MAS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 40.31%, suggesting the stock is Neutral, with a 17.33% historical volatility rate.
The stochastic %K and %D were 10.33% and 10.50% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 17.75%, the RSI (14) reading is 41.30%. On the 9-day MACD Oscillator, the stock is at -0.72, and the 14-day reading is at -1.70.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Masco Corporation (NYSE: MAS) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Masco Corporation (MAS) an Overweight rating. MAS is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is MAS’s price target for the next 12 months?
The current consensus forecast for the stock is between $59.00 and $75.00, with a median target price of $68.00. In analyzing these forecasts, the average price target given by analysts for Masco Corporation (MAS) is $68.53.
