Traders Purchase High Volume of Call Options on Masco (MAS)

Masco Corp (NYSE:MAS) was the recipient of unusually large options trading activity on Wednesday. Investors bought 7,161 call options on the company. This represents an increase of approximately 1,037% compared to the typical volume of 630 call options.

Masco (NYSE MAS) opened at $45.90 on Monday. Masco has a one year low of $31.29 and a one year high of $46.44. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The stock has a market cap of $14,440.00, a P/E ratio of 27.16, a PEG ratio of 1.19 and a beta of 1.58.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. sell-side analysts forecast that Masco will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is currently 24.85%.

In other Masco news, VP Renee Straber sold 2,574 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the transaction, the vice president now owns 65,423 shares in the company, valued at $2,783,748.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John P. Lindow sold 17,026 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the transaction, the vice president now owns 101,681 shares of the company’s stock, valued at approximately $4,074,357.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,961 shares of company stock valued at $3,537,891. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its holdings in shares of Masco by 56.7% in the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after purchasing an additional 12,649 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Masco by 2.3% in the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after purchasing an additional 11,362 shares in the last quarter. Palladium Partners LLC increased its holdings in shares of Masco by 1.1% in the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after purchasing an additional 3,250 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Masco in the second quarter valued at approximately $2,824,000. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Masco in the third quarter valued at approximately $253,000. 89.07% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on MAS. JPMorgan Chase & Co. cut shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Zacks Investment Research cut shares of Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Barclays set a $45.00 target price on shares of Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. FBR & Co reiterated a “buy” rating and issued a $46.00 target price (up previously from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Finally, Nomura set a $45.00 target price on shares of Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Masco has an average rating of “Buy” and a consensus target price of $43.47.

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Masco Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

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