Masco (NYSE:MAS) Price Target Cut to $75.00 by Analysts at BMO Capital Markets

Masco (NYSE:MAS) had its price target decreased by BMO Capital Markets from $77.00 to $75.00 in a research note published on Monday, MarketBeat Ratings reports. BMO Capital Markets currently has a market perform rating on the construction company’s stock.

Several other research analysts have also commented on the company. Wells Fargo & Company reduced their price target on Masco from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Oppenheimer reiterated an “outperform” rating and set a $88.00 price target on shares of Masco in a report on Wednesday, February 11th. Barclays reduced their price target on Masco from $71.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Zelman & Associates lowered Masco to a “hold” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada lifted their price target on Masco from $67.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.88.

Masco Trading Up 0.2%

Shares of MAS stock opened at $66.71 on Monday. The stock’s fifty day moving average is $65.93 and its two-hundred day moving average is $65.85. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. The firm has a market capitalization of $13.54 billion, a P/E ratio of 17.33, a PEG ratio of 1.89 and a beta of 1.29. Masco has a fifty-two week low of $56.55 and a fifty-two week high of $79.19.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts expect that Masco will post 4.18 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is 33.25%.

Masco announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the construction company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the sale, the chief accounting officer directly owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Trading of Masco

A number of hedge funds and other institutional investors have recently modified their holdings of MAS. Norges Bank acquired a new stake in shares of Masco during the 4th quarter worth about $194,818,000. Wellington Management Group LLP acquired a new stake in shares of Masco during the 3rd quarter worth about $192,948,000. Jacobs Levy Equity Management Inc. increased its position in shares of Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after purchasing an additional 1,901,815 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Masco by 32.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock worth $357,976,000 after purchasing an additional 1,240,322 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Masco by 234.5% during the 4th quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after purchasing an additional 1,139,098 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

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.