Masco Corporation (NYSE:MAS) Receives Average Rating of “Hold” from Brokerages

Masco Corporation (NYSE:MAS) has received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $73.20.

MAS has been the subject of a number of research reports. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Barclays reiterated an “equal weight” rating and issued a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Citigroup dropped their price objective on shares of Masco from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Evercore ISI reduced their target price on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th.

Masco Stock Down 1.0%

Shares of MAS opened at $70.49 on Monday. The business’s 50 day moving average is $64.25 and its 200 day moving average is $67.62. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. Masco has a 12-month low of $56.55 and a 12-month high of $82.18. The company has a market capitalization of $14.64 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.84 and a beta of 1.28.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Research analysts expect that Masco will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s dividend payout ratio is 31.79%.

Institutional Investors Weigh In On Masco

Several large investors have recently bought and sold shares of MAS. Focus Partners Wealth lifted its position in Masco by 2.6% during the first quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Masco by 49.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,155 shares of the construction company’s stock valued at $74,000 after acquiring an additional 383 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Masco by 3.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,818 shares of the construction company’s stock worth $1,597,000 after acquiring an additional 728 shares in the last quarter. Swedbank AB grew its position in Masco by 43.4% in the second quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock worth $9,977,000 after acquiring an additional 46,932 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in Masco by 8.6% during the second quarter. NorthCrest Asset Manangement LLC now owns 9,176 shares of the construction company’s stock worth $609,000 after acquiring an additional 728 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.