Masco (NYSE:MAS) Stock Rating Lowered by StockNews.com

Masco (NYSE:MAS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other equities analysts have also commented on MAS. Wells Fargo & Company lifted their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Jefferies Financial Group boosted their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial boosted their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital boosted their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Masco presently has an average rating of “Hold” and a consensus target price of $85.96.

Masco Stock Performance

Shares of NYSE:MAS opened at $79.19 on Friday. The company’s 50 day simple moving average is $81.84 and its 200 day simple moving average is $75.08. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. 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 has a 1 year low of $58.89 and a 1 year high of $86.70.

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

Insider Activity

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 50.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new stake in Masco during the first quarter valued at approximately $25,000. Innealta Capital LLC bought a new position in shares of Masco in the second quarter worth approximately $25,000. Family Firm Inc. bought a new position in shares of Masco in the second quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Masco in the third quarter worth approximately $38,000. 93.91% of the stock is owned by hedge funds and other 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.