Masco Co. (NYSE:MAS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Masco Co. (NYSE:MAS) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.58.

MAS has been the topic of several analyst reports. Jefferies Financial Group increased their target price on shares of Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada raised their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Robert W. Baird raised their price target on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets raised their price target on Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price target on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Masco Trading Up 0.4 %

Masco stock opened at $83.94 on Tuesday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.59 and a beta of 1.24. Masco has a one year low of $47.66 and a one year high of $84.37. The company’s fifty day moving average price is $77.95 and its two-hundred day moving average price is $73.37.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. On average, analysts forecast that Masco will post 4.11 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Masco

Institutional investors have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new stake in Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Masco during the second quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Family Firm Inc. acquired a new stake in Masco during the second quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

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.