Masco (NYSE:MAS) Upgraded by Oppenheimer to “Outperform” Rating

Oppenheimer upgraded shares of Masco (NYSE:MAS) from a market perform rating to an outperform rating in a research note issued to investors on Friday, Marketbeat.com reports. They currently have $89.00 price target on the construction company’s stock.

Other equities analysts have also issued reports about the stock. UBS Group upped their target price on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Citigroup cut their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $86.96.

Masco Trading Down 0.5 %

Shares of MAS stock opened at $72.09 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization 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 12-month low of $63.81 and a 12-month high of $86.70. The firm has a 50-day moving average price of $77.23 and a 200 day moving average price of $77.34.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MAS. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the fourth quarter worth $27,000. Iowa State Bank raised its stake 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 valued at $3,683,000 after purchasing an additional 287 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of Masco by 26.9% in the fourth quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company’s stock valued at $2,314,000 after purchasing an additional 6,768 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Masco by 20.0% during the fourth quarter. Pensionfund Sabic now owns 18,000 shares of the construction company’s stock worth $1,306,000 after buying an additional 3,000 shares during the period. Finally, Nordea Investment Management AB raised its position in Masco by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after buying an additional 520,555 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

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.