The Street Is Finally Waking Up To Masco Corp. (NYSE: MAS)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 First Quarter.

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Stocks Info

Masco Corp. is listed on the NYSE as a member of the Industrials sector and is a part of the Building Products & Equipment industry. The current market capitalization of Masco Corp. is $16.83B. A total of 1.58 million shares were traded on the day, compared to an average of 2.07M shares.

In the most recent transaction, Allman Keith J. sold 1,260,508 shares of MAS for 75.79 per share on Mar 06 ’24. After the transaction, the President and CEO now owns 190,079 company shares. In a previous transaction on Mar 05 ’24, Straber Renee sold 52,264 shares at 76.31 per share. MAS shares that VP – Chief HR Officer owns now total 33,864.

Among the insiders who sold shares, Marshall Richard Allan disposed of 5,000 shares on Mar 01 ’24 at a per-share price of $77.05. This resulted in the VP – Masco Operating Sys. holding 10,465 shares of MAS after the transaction. In another insider transaction, Shah Jai sold 42,552 shares at $76.36 per share on Feb 27 ’24. Company shares held by the Group President now total 15,830.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Masco Corp. pays an annual dividend of $1.15, resulting in a dividend yield of 1.49%, and it has a price to earnings (P/E) ratio of 19.05. MAS’s most recent ex-dividend date was 2/21/2024 when it declared a $0.29 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 11/27/2023 with an ex-dividend date of 11/9/2023. The MAS stock dividend was $0.2850 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MAS has a high of $78.85 and a low of $46.69.

As of this writing, MAS has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.85. The company reported an EPS of $1 in the last quarter, which was 9.90% higher than expectations of $0.91.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 -$0.57, while its Total Shareholder’s Equity was $78.00M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.94.

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