Masco (NYSE:MAS) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Masco (NYSE:MAS – Get Rating) from a hold rating to a buy rating in a report issued on Wednesday morning.

A number of other research analysts have also weighed in on MAS. Truist Financial cut their price objective on Masco from $77.00 to $70.00 in a research report on Thursday, April 28th. The Goldman Sachs Group cut their price objective on Masco from $75.00 to $64.00 and set a buy rating for the company in a research report on Tuesday, April 12th. Barclays dropped their price target on Masco from $75.00 to $68.00 in a research report on Thursday, March 31st. Wells Fargo & Company dropped their price target on Masco from $70.00 to $60.00 and set an overweight rating for the company in a research report on Thursday, April 21st. Finally, Bank of America lowered Masco from a neutral rating to an underperform rating and dropped their price target for the stock from $75.00 to $55.00 in a research report on Monday, April 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Masco currently has a consensus rating of Moderate Buy and a consensus target price of $65.33.

Shares of Masco stock opened at $51.61 on Wednesday. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.09 and a beta of 1.23. The business has a 50-day moving average price of $53.50 and a 200-day moving average price of $57.23. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 52.66. Masco has a twelve month low of $46.27 and a twelve month high of $71.06.

Masco (NYSE:MAS – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The construction company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.06 billion. Masco had a return on equity of 3,870.83% and a net margin of 6.38%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. On average, equities analysts expect that Masco will post 4.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Friday, May 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $1.12 annualized dividend and a dividend yield of 2.17%. Masco’s dividend payout ratio (DPR) is presently 49.34%.

In other Masco news, Director Charles K. Stevens III sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the completion of the transaction, the director now owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith J. Allman sold 10,000 shares of Masco stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $49.88, for a total transaction of $498,800.00. Following the sale, the chief executive officer now directly owns 298,295 shares of the company’s stock, valued at approximately $14,878,954.60. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Masco by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 21,917,680 shares of the construction company’s stock valued at $1,117,802,000 after acquiring an additional 688,373 shares in the last quarter. State Street Corp raised its stake in shares of Masco by 2.0% during the fourth quarter. State Street Corp now owns 11,502,439 shares of the construction company’s stock valued at $807,701,000 after acquiring an additional 221,519 shares in the last quarter. Pictet Asset Management SA raised its stake in shares of Masco by 6.1% during the fourth quarter. Pictet Asset Management SA now owns 5,453,874 shares of the construction company’s stock valued at $382,971,000 after acquiring an additional 315,343 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Masco by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,403,661 shares of the construction company’s stock valued at $308,386,000 after acquiring an additional 100,336 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in shares of Masco by 3.1% during the first quarter. AustralianSuper Pty Ltd now owns 4,118,639 shares of the construction company’s stock valued at $210,051,000 after acquiring an additional 124,036 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

Masco Company Profile (Get Rating)

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.

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