Masco Co. (NYSE:MAS) Receives $87.04 Average PT from Brokerages

Masco Co. (NYSE:MAS) has been given an average rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $85.88.

Several analysts have recently issued reports on MAS shares. 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 note on Wednesday, October 30th. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and dropped their target price for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Evercore ISI increased their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Masco Trading Up 2.3 %

NYSE:MAS opened at $74.39 on Friday. Masco has a one year low of $63.60 and a one year high of $86.70. The company has a market cap of $16.05 billion, a PE ratio of 19.78, a PEG ratio of 2.57 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm has a 50-day moving average of $80.23 and a 200-day moving average of $76.70.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Masco by 38.5% during the second quarter. Blue Trust Inc. now owns 738 shares of the construction company’s stock worth $49,000 after acquiring an additional 205 shares in the last quarter. Raymond James & Associates raised its stake in shares of Masco by 8.8% during the second quarter. Raymond James & Associates now owns 415,813 shares of the construction company’s stock worth $27,722,000 after acquiring an additional 33,673 shares in the last quarter. Vicus Capital lifted its stake in Masco by 3.7% in the second quarter. Vicus Capital now owns 7,175 shares of the construction company’s stock worth $478,000 after purchasing an additional 254 shares during the last quarter. Iowa State Bank lifted its stake in shares of Masco by 2.3% in the 2nd quarter. Iowa State Bank now owns 58,563 shares of the construction company’s stock valued at $3,904,000 after acquiring an additional 1,307 shares during the last quarter. Finally, American National Bank lifted its position in Masco by 4.4% in the second quarter. American National Bank now owns 14,704 shares of the construction company’s stock valued at $980,000 after purchasing an additional 626 shares during 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.