Masco Co. (NYSE:MAS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Masco Co. (NYSE:MAS) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $86.04.

Several brokerages have recently weighed in on MAS. Zelman & Associates raised Masco to a “strong-buy” rating in a research note on Friday, January 17th. Loop Capital raised their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th.

Hedge Funds Weigh In On Masco

Several institutional investors have recently modified their holdings of MAS. Franklin Resources Inc. boosted its position in Masco by 20.6% in the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after purchasing an additional 56,626 shares during the last quarter. Seizert Capital Partners LLC grew its position in Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after buying an additional 96,415 shares during the period. Foster Victor Wealth Advisors LLC increased its holdings in Masco by 6.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company’s stock worth $17,135,000 after buying an additional 13,568 shares during the last quarter. Versant Capital Management Inc raised its position in Masco by 69.1% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after acquiring an additional 631 shares during the period. Finally, Assetmark Inc. boosted its stake in Masco by 139.9% in the third quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock valued at $106,000 after acquiring an additional 736 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

Shares of Masco stock opened at $77.27 on Monday. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 2.09 and a beta of 1.25. Masco has a twelve month low of $63.81 and a twelve month high of $86.70. The company’s fifty day moving average is $76.70 and its 200 day moving average is $78.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

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.