Masco Co. (NYSE:MAS) Receives $69.62 Average PT from Analysts

Shares of Masco Co. (NYSE:MAS) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $69.62.

MAS has been the subject of a number of research reports. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Truist Financial raised their target price on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada raised their price target on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Masco from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Finally, The Goldman Sachs Group raised their price target on Masco from $66.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, December 14th.

Insider Transactions at Masco

In related news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the sale, the vice president now owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the transaction, the insider now owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the transaction, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 over the last 90 days. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares during the period. DecisionPoint Financial LLC bought a new position in shares of Masco during the 2nd quarter worth approximately $29,000. Harbour Investments Inc. boosted its stake in shares of Masco by 137.5% during the 4th quarter. Harbour Investments Inc. now owns 532 shares of the construction company’s stock worth $36,000 after acquiring an additional 308 shares during the period. Union Savings Bank boosted its stake in shares of Masco by 91.7% during the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after acquiring an additional 275 shares during the period. Finally, Fortitude Family Office LLC bought a new position in shares of Masco during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

MAS stock opened at $73.48 on Tuesday. Masco has a 1 year low of $47.66 and a 1 year high of $78.94. The stock’s fifty day moving average is $75.12 and its two-hundred day moving average is $65.42. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.17 and a beta of 1.25.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share 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 analysts’ expectations of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. Masco’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, research analysts predict that Masco will post 4.11 EPS for the current year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is currently 28.93%.

About Masco

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.