Masco Co. (NYSE:MAS) Receives Consensus Rating of “Hold” from Analysts

Masco Co. (NYSE:MAS) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $69.62.

Several brokerages have recently commented on MAS. Truist Financial boosted their target price on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. boosted their target price on Masco from $58.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Citigroup increased their target price on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays upped their price objective on shares of Masco from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th.

Insider Activity

In related news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was 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 directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock worth $6,337,597 in the last quarter. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Masco

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Masco by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after purchasing an additional 178 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Masco by 2.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after purchasing an additional 180 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Masco by 19.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after purchasing an additional 182 shares during the period. Finally, Donald L. Hagan LLC increased its stake in shares of Masco by 0.9% in the fourth quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock worth $1,414,000 after buying an additional 186 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Trading Up 0.3 %

Shares of Masco stock opened at $77.12 on Tuesday. Masco has a 52-week low of $46.77 and a 52-week high of $78.94. The stock has a market cap of $17.01 billion, a PE ratio of 19.23, a PEG ratio of 2.16 and a beta of 1.25. The firm has a 50-day moving average of $74.73 and a 200-day moving average of $65.14. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68.

Masco (NYSE:MAS) last announced its earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.79 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, sell-side analysts forecast that Masco will post 4.12 EPS for the current year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. Masco’s dividend payout ratio is presently 28.93%.

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.