|Bid||47.02 x 1800|
|Ask||47.51 x 800|
|Day's Range||46.88 - 47.95|
|52 Week Range||27.03 - 47.95|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||20.55|
|Earnings Date||Feb 5, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||0.54 (1.14%)|
|1y Target Est||51.77|
While frequently overlooked, industrial stocks held their own throughout 2019 and appear to be in strong position heading into 2020.The ongoing U.S.-Chinese trade war hasn't exactly been easy for American industrial companies, which on average derive more than a third of their revenues from China, and many of which order supplies from the country as well. Nonetheless, the Industrial Select Sector SPDR Fund (XLI) actually boasted slightly better returns than the S&P; 500 year-to-date through Dec. 3. The sector is set up to beat the Street next year, too.Barry Bannister, head of institutional equity strategy at Stifel Nicolaus, suggesting that investors buy into cyclical stocks such as industrials while shedding defensive plays. "Although we see (more than) 5% further for the S&P; 500 into 2020, we see twice that return, or plus 10%, for a long-cyclical/short defensive industry trade in the same period," he writes.Given that industrial stocks still face trade risks, however, investors are (rightfully) seeking out the crème de la crème - those stocks poised to continue outperforming through 2020 and beyond. One way to separate the wheat from the chaff is to focus on the names Wall Street analysts are standing firmly behind.Here are the five best industrial stocks to buy for 2020. We've used TipRanks' Stock Screener to zero in on five industrial-sector companies that are receiving robust support from the Street, earning a "Strong Buy" consensus rating. SEE ALSO: The 20 Best Stocks for 2020
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
Masco Corporation (MAS) today announced it has entered into an accelerated share repurchase (“ASR”) agreement with Royal Bank of Canada to repurchase $400 million of Masco’s common stock. This agreement is part of Masco’s existing share repurchase authorization of $2 billion which was announced on September 17, 2019. Under the ASR agreement, Masco will receive initial delivery of 7.3 million shares on November 26, 2019, representing approximately 85 percent of the number of shares of common stock initially underlying the ASR agreement, based on the closing price of Masco’s common stock of $46.42 on November 25, 2019.
Since Keith Allman was named Masco's MAS CEO in February 2014, the global leader in home improvement and building products has shifted its focus from the less attractive installation, cabinetry, and windows businesses toward the more valuable plumbing and decorative architectural segments. This strategy has significantly strengthened Masco, and we like that its prospects now depend on two wide-moat businesses that primarily operate in the repair and remodel market, which is far less cyclical than new construction and has increased at a 5% average annual rate over the past two decades. Masco's plumbing and decorative architectural businesses have solid long-term growth prospects, and we expect them to continue creating shareholder value for at least the next 20 years.
Shares of Masco Corp. rallied 1.9% in premarket trading Friday, after the home improvement products company said it will sell its Masco Cabinetry business to ACProducts Inc. in a deal valued at $1 billion. Under terms of the day, the sale price includes $850 million in cash and $150 million in preferred stock, which will have a coupon of 8% that increases to 10% in the third year. The deal is expected to close int the first quarter of 2020. Masco said Masco Cabinetry will be accounted for as discontinued operations for the fourth quarter. The company expects 2019 earnings per share from continuing operations is expected to be $2.12 to $2.16 and adjusted EPS of $2.19 to $2.23. The FactSet consensus for 2019 EPS was $2.55.
Masco Corporation , one of the world’s leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Masco Cabinetry to ACProducts, Inc., a manufacturer of cabinetry products owned by American Industrial Partners, for $1.0 billion, consisting of $850 million in cash at closing and preferred stock issued by a holding company of the buyer with ...
Strong construction activities, a consistent job market, and solid spending are likely to reflect on the construction sector's Q3 results, despite higher costs and expenses.
Masco Corporation , one of the world’s leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Milgard Windows and Doors to MI Windows and Doors LLC for approximately $725 million.
Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating and a B2-PD Probability of Default Rating to MIWD Holdco II LLC (the parent of MI Windows and Doors, LLC ("MIWD")), and a B2 rating to its proposed $675 million first lien senior secured term loan B due 2026. In the proposed transaction, MIWD will acquire Milgard Manufacturing, Inc. ("Milgard"), a window and patio door manufacturer in the Western US from its current owner Masco Corporation for $725 million.
Masco's (MAS) third-quarter 2019 results gain from Plumbing Products and Decorative Architectural Products segments. However, the Cabinets and Related Products segment hurt the same.
Consistent job growth, Fed's dovish stance and infrastructural projects will reflect in the construction sector's Q3 results despite headwinds.
Consistent job growth, Fed's dovish stance and infrastructural projects in domestic as well as international markets will reflect in the construction sector's Q3 results despite headwinds.
Masco (MAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Masco Corp. was upgraded to a Buy recommendation by TheStreet.com's quantitative service Wednesday. Let's check out the charts and indicators to see if we are both on the same page. In this daily bar chart of MAS, below, we can see that prices have been making higher highs since the end of July.