Masco (NYSE:MAS) Price Target Lowered to $61.00 at Bank of America

Masco (NYSE:MAS) had its price target trimmed by Bank of America from $69.00 to $61.00 in a report released on Monday,Benzinga reports. The brokerage currently has an underperform rating on the construction company’s stock.

MAS has been the subject of a number of other reports. Evercore raised shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Monday, April 13th. Citigroup upped their price objective on shares of Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Royal Bank Of Canada increased their price target on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 11th. Zelman & Associates lowered shares of Masco to a “hold” rating in a research report on Wednesday, February 11th. Finally, Barclays decreased their price target on shares of Masco from $71.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.88.

Masco Stock Up 0.2%

NYSE:MAS opened at $66.71 on Monday. Masco has a 1-year low of $56.55 and a 1-year high of $79.19. The company has a 50-day moving average of $65.93 and a 200 day moving average of $65.85. The firm has a market cap of $13.54 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 38.75, a current ratio of 1.81 and a quick ratio of 1.14.

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

Masco announced that its board has approved a stock buyback plan on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a dividend of $0.32 per share. 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. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. Masco’s payout ratio is currently 33.25%.

Insider Activity

In other news, CAO Heath M. Eisman sold 747 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the transaction, the chief accounting officer owned 12,510 shares in the company, valued at $899,719.20. This represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Masco

Hedge funds have recently modified their holdings of the stock. Bard Associates Inc. acquired a new position in shares of Masco during the fourth quarter valued at about $25,000. Rossby Financial LCC increased its holdings in shares of Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after acquiring an additional 212 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Masco during the third quarter valued at about $26,000. Bogart Wealth LLC increased its holdings in shares of Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after acquiring an additional 408 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Masco during the third quarter valued at about $34,000. Institutional investors and hedge funds 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.