Masco (NYSE:MAS) Stock Rating Lowered by StockNews.com

Masco (NYSE:MASGet Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also recently commented on MAS. Bank of America cut Masco from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $58.00 to $46.00 in a report on Tuesday, October 18th. Truist Financial dropped their price objective on Masco from $70.00 to $60.00 in a report on Thursday, October 27th. Credit Suisse Group dropped their price objective on Masco to $40.00 in a report on Thursday, October 20th. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $57.00 to $47.00 in a report on Thursday, October 27th. Finally, BMO Capital Markets dropped their price objective on Masco from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, October 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.21.

Masco Price Performance

NYSE MAS opened at $51.87 on Wednesday. The stock has a market capitalization of $11.70 billion, a PE ratio of 14.10, a P/E/G ratio of 2.06 and a beta of 1.17. The business has a 50 day simple moving average of $48.85 and a two-hundred day simple moving average of $50.11. Masco has a 1-year low of $42.33 and a 1-year high of $69.38.

Masco (NYSE:MASGet Rating) last announced its earnings results on Wednesday, October 26th. The construction company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Masco had a negative return on equity of 331.58% and a net margin of 9.81%. On average, analysts anticipate that Masco will post 3.75 EPS for the current fiscal year.

Insider Transactions at Masco

In other news, Director Reginald M. Turner, Jr. sold 9,900 shares of the business’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $49.54, for a total value of $490,446.00. Following the completion of the transaction, the director now directly owns 18,866 shares of the company’s stock, valued at approximately $934,621.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Reginald M. Turner, Jr. sold 9,900 shares of the business’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $49.54, for a total value of $490,446.00. Following the completion of the transaction, the director now directly owns 18,866 shares of the company’s stock, valued at approximately $934,621.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Reginald M. Turner, Jr. sold 1,100 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $46.81, for a total value of $51,491.00. Following the completion of the transaction, the director now directly owns 28,766 shares of the company’s stock, valued at $1,346,536.46. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MAS. Clear Street Markets LLC increased its position in Masco by 401.0% during the 2nd quarter. Clear Street Markets LLC now owns 491 shares of the construction company’s stock valued at $25,000 after buying an additional 393 shares in the last quarter. Charter Oak Capital Management LLC purchased a new stake in Masco during the 2nd quarter valued at about $28,000. Arlington Partners LLC grew its stake in Masco by 752.6% during the 2nd quarter. Arlington Partners LLC now owns 810 shares of the construction company’s stock valued at $41,000 after purchasing an additional 715 shares during the last quarter. Tobam grew its stake in Masco by 141.7% during the 3rd quarter. Tobam now owns 1,141 shares of the construction company’s stock valued at $53,000 after purchasing an additional 669 shares during the last quarter. Finally, Standard Family Office LLC purchased a new stake in Masco during the 3rd quarter valued at about $53,000. 91.50% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

(Get Rating)

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

Further Reading

Analyst Recommendations for Masco (NYSE:MAS)

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