After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Masco Corporation Announces Date for Earnings Release and Conference Call for 2023 Fourth Quarter and Full Year.
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Stocks Info
As a NYSE listed company, MAS falls under the Industrials sector while operating within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $69.04 and fluctuated between $69.45 as its day high and $68.66 as its day low. The current market capitalization of Masco Corp. is $15.50B. A total of 0.93 million shares were traded on the day, compared to an average of 1.80M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MAS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 39 SELLs from insiders. Insiders purchased 858,277 shares during that period but sold 881,677.
In the most recent transaction, Cole Kenneth G. sold 27,043 shares of MAS for 62.48 per share on Dec 04. After the transaction, the VP, General Counsel and Sec. now owns 70,198 company shares. In a previous transaction on Dec 04, Shah Jai sold 25,000 shares at 62.38 per share. MAS shares that Group President owns now total 34,709.
Among the insiders who sold shares, Straber Renee disposed of 41,200 shares on Jul 28 at a per-share price of $61.13. This resulted in the VP – Chief HR Officer holding 31,995 shares of MAS after the transaction. In another insider transaction, Allman Keith J. sold 188,040 shares at $59.77 per share on Jul 13. Company shares held by the President and CEO now total 200,305.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Masco Corp. pays an annual dividend of $1.14, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 18.81. MAS’s most recent ex-dividend date was 11/9/2023 when it declared a $0.2850 quarterly dividend that was paid in cash on 11/27/2023. Previously, the company paid the dividend on 8/28/2023 with an ex-dividend date of 8/10/2023. The MAS stock dividend was $0.2850 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MAS in the last 3 months, the mean price target is $69.13 with high estimates of $82.00 and low estimates of $52.00. In terms of 52-week highs and lows, MAS has a high of $69.66 and a low of $46.69.
As of this writing, MAS has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.62. The company reported an EPS of $1.19 in the last quarter, which was 24.00% higher than expectations of $0.96.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MAS’s latest balance sheet shows that the firm has $926.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.17B in debt and $1.94B in liabilities at the time. Its Book Value Per Share was -$0.25, while its Total Shareholder’s Equity was $78.00M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MAS is Buy with a score of 4.00.
