Masco Co. (NYSE:MAS) Receives Average Rating of “Moderate Buy” from Brokerages

Masco Co. (NYSE:MASGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $62.58.

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Masco from $60.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Bank of America upped their target price on shares of Masco from $57.00 to $59.00 in a research note on Friday, July 28th. Jefferies Financial Group upped their target price on shares of Masco from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Royal Bank of Canada upped their target price on shares of Masco from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Argus upped their target price on shares of Masco from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 31st.

Get Our Latest Analysis on Masco

Masco Price Performance

Shares of MAS stock opened at $56.66 on Monday. Masco has a 1 year low of $42.33 and a 1 year high of $63.85. The firm’s 50 day moving average is $58.24 and its 200-day moving average is $53.95. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.84 and a beta of 1.22. The company has a current ratio of 1.72, a quick ratio of 1.07 and a debt-to-equity ratio of 420.86.

Masco (NYSE:MASGet Free Report) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.23. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.08 billion. Masco had a net margin of 9.73% and a negative return on equity of 403.37%. Masco’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. Sell-side analysts forecast that Masco will post 3.6 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 11th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, August 10th. Masco’s payout ratio is 32.20%.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 10,000 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $54.95, for a total transaction of $549,500.00. Following the completion of the transaction, the vice president now owns 70,198 shares in the company, valued at $3,857,380.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Masco news, CEO Keith J. Allman sold 188,040 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $59.77, for a total value of $11,239,150.80. Following the completion of the sale, the chief executive officer now owns 200,305 shares in the company, valued at $11,972,229.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth G. Cole sold 10,000 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $54.95, for a total transaction of $549,500.00. Following the completion of the sale, the vice president now owns 70,198 shares of the company’s stock, valued at approximately $3,857,380.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 239,240 shares of company stock worth $14,307,207. 1.50% of the stock is owned by insiders.

Institutional Trading of Masco

A number of large investors have recently added to or reduced their stakes in MAS. United Bank lifted its stake in Masco by 23.7% in the first quarter. United Bank now owns 12,644 shares of the construction company’s stock valued at $645,000 after acquiring an additional 2,425 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Masco by 21.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock worth $3,328,000 after buying an additional 11,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Masco by 4.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock worth $1,637,000 after buying an additional 1,466 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Masco during the 1st quarter worth about $495,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Masco by 200.0% during the 1st quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock worth $23,345,000 after buying an additional 305,138 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Masco

(Get Free Report

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.

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Analyst Recommendations for Masco (NYSE:MAS)

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