Today it was reported that the VP & CFO of Masco Corp (NYSE: MAS), John Sznewajs, exercised options to sell 96,869 MAS shares at $7.04 a share, for a total transaction value of $3.77M.
Following John Sznewajs’ last MAS Sell transaction on November 04, 2015, the stock climbed by 10.8%. In addition to John Sznewajs, one other MAS executive reported Sell trades in the last month.
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Based on Masco Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.3 billion and quarterly net profit of $210 million. In comparison, last year the company earned revenue of $2.06 billion and had a net profit of $157 million. MAS’s market cap is $11.86B and the company has a P/E ratio of 20.63. Currently, Masco Corp has an average volume of 2.74M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $45.33, reflecting a 17.0% upside. Three different firms, including J.P. Morgan and KeyBanc, currently also have a Sell rating on the stock.
The insider sentiment on Masco Corp has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
John Sznewajs’ trades have generated a -8.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products.
