Masco (NYSE:MAS) Price Target Raised to $74.00 at JPMorgan Chase & Co.

Masco (NYSE:MAS) had its price target upped by JPMorgan Chase & Co. from $65.00 to $74.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

MAS has been the subject of several other reports. Robert W. Baird downgraded shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 22nd. The Goldman Sachs Group decreased their target price on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Barclays upped their target price on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group restated a “buy” rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Twelve investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.13.

Masco Price Performance

MAS opened at $69.56 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. Masco has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a 50 day moving average of $64.80 and a two-hundred day moving average of $67.90. The company has a market cap of $14.56 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.52 and a beta of 1.16.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. Masco’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that Masco will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco’s dividend payout ratio is currently 32.89%.

Institutional Trading of Masco

Several institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC raised its holdings in Masco by 2.9% in the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock valued at $355,000 after acquiring an additional 157 shares in the last quarter. Harvest Investment Advisors LLC raised its holdings in shares of Masco by 0.7% during the first quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock worth $1,604,000 after purchasing an additional 165 shares during the period. Applied Finance Capital Management LLC raised its holdings in shares of Masco by 3.2% during the second quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock worth $360,000 after purchasing an additional 173 shares during the period. Transcend Capital Advisors LLC raised its holdings in shares of Masco by 2.8% during the second quarter. Transcend Capital Advisors LLC now owns 6,503 shares of the construction company’s stock worth $419,000 after purchasing an additional 176 shares during the period. Finally, Abundance Wealth Counselors raised its holdings in shares of Masco by 1.0% during the second quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company’s stock worth $1,242,000 after purchasing an additional 184 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

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.