Masco Co. (NYSE:MAS) Receives $86.79 Consensus Target Price from Brokerages

Shares of Masco Co. (NYSE:MAS) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $86.96.

A number of equities research analysts have weighed in on MAS shares. Barclays lifted their target price on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Citigroup decreased their price objective on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Evercore ISI increased their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Masco Stock Down 0.5 %

Shares of MAS opened at $72.09 on Thursday. The firm has a 50 day simple moving average of $77.23 and a two-hundred day simple moving average of $77.26. The company has a market cap of $15.55 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.55 and a beta of 1.25. Masco has a one year low of $63.81 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. Research analysts forecast that Masco will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. Masco’s dividend payout ratio is presently 30.85%.

Hedge Funds Weigh In On Masco

Several hedge funds and other institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of Masco in the 4th quarter worth about $27,000. Iowa State Bank boosted its position in shares of Masco by 0.6% in the 4th quarter. Iowa State Bank now owns 50,751 shares of the construction company’s stock worth $3,683,000 after purchasing an additional 287 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Masco by 26.9% in the 4th quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company’s stock worth $2,314,000 after buying an additional 6,768 shares during the last quarter. Pensionfund Sabic increased its position in Masco by 20.0% during the 4th quarter. Pensionfund Sabic now owns 18,000 shares of the construction company’s stock valued at $1,306,000 after buying an additional 3,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after acquiring an additional 520,555 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

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.