Masco (NYSE:MAS) Downgraded to Hold at StockNews.com

Masco (NYSE:MAS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other brokerages have also recently issued reports on MAS. Evercore ISI reduced their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Loop Capital cut their target price on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Citigroup raised their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Truist Financial raised their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Oppenheimer initiated coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

Masco Stock Up 0.6 %

Shares of NYSE:MAS opened at $68.99 on Friday. The stock’s 50-day moving average price is $74.89 and its 200-day moving average price is $67.34. Masco has a 12-month low of $47.66 and a 12-month high of $78.94. The stock has a market capitalization of $15.19 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Masco will post 4.12 earnings per share for the current year.

Insider Activity

In related news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the transaction, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Masco news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,762 shares of company stock worth $6,337,597. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

A number of large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its position in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Venturi Wealth Management LLC raised its position in Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after purchasing an additional 178 shares during the period. Riverview Trust Co purchased a new stake in Masco in the 1st quarter worth about $43,000. Union Savings Bank grew its stake in Masco by 91.7% in the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after acquiring an additional 275 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in Masco in the 4th quarter worth about $39,000. Institutional investors own 93.91% of the company’s stock.

About Masco

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.