Masco Corporation (MAS) has been a focus of numerous analysts' financial statements particularly surrounding their Q2 2024 report. The corporation reported mixed results falling short of estimates with an EPS of $1.17 and a revenue of $2.09 billion. Despite the shortcoming in estimates, it's noted that MAS's shares continue to
outperform competitors. Reports indicate a new price target for the corporation set at $84.00 by Truist Financial and recently raised to $88.00 by Barclays. Substantial interest is evident, as investors like Bessemer Group Inc. and O Shaughnessy Asset Management LLC conducted large scale sell-offs of MAS shares. Canada Pension Plan Investment Board purchased 291,000 shares and Toronto Dominion Bank bought an additional 20,666 shares. The corporation also declared a
quarterly dividend of $0.29 and saw stock positions significantly raised by entities such as Unisuper Management Pty Ltd, Texas Permanent School Fund Corp, and Acadian Asset Management LLC. However, it must be noted, there are signals of potential weakness as MAS insiders sold US$7.3m in stock.
Masco Corporation MAS News Analytics from Thu, 11 Jun 2020 07:00:00 GMT to Sun, 28 Jul 2024 16:42:31 GMT -
Rating 2
- Innovation 3
- Information 4
- Rumor -6
