Is Masco Corp. (NYSE: MAS) No Longer A Good Investment?

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. Yahoo Finance discussed the stock recently as it posted Masco Corporation Announces Date for Earnings Release and Conference Call for 2024 First Quarter.

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Stocks Info

The company is listed on the NYSE and operates within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $77.18 and fluctuated between $77.23 as its day high and $75.89 as its day low. The current market capitalization of Masco Corp. is $16.96B. A total of 1.41 million shares were traded on the day, compared to an average of 2.11M 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

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Masco Corp. pays an annual dividend of $1.15, resulting in a dividend yield of 1.48%, and it has a price to earnings (P/E) ratio of 19.19. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MAS has a high of $78.94 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

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. 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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