Melius Research Begins Coverage on Masco (NYSE:MAS)

Investment analysts at Melius Research assumed coverage on shares of Masco (NYSE:MAS) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “hold” rating and a $75.00 price target on the construction company’s stock. Melius Research’s price objective would indicate a potential upside of 8.90% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. UBS Group dropped their price target on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company decreased their price objective on Masco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. DA Davidson assumed coverage on Masco in a research note on Monday, August 24th. They issued a “neutral” rating and a $80.00 price objective on the stock. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings downgraded Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.12.

Masco Stock Down 1.5%

MAS opened at $68.87 on Tuesday. The company has a market capitalization of $13.58 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.71 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The firm’s fifty day moving average price is $71.51 and its two-hundred day moving average price is $71.10. Masco has a fifty-two week low of $58.16 and a fifty-two week high of $83.64.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts anticipate that Masco will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Masco during the second quarter worth $1,278,943,000. Bank of America Corp DE bought a new position in shares of Masco in the second quarter valued at about $178,424,000. Bank of New York Mellon Corp bought a new position in shares of Masco in the second quarter valued at about $156,668,000. Deutsche Bank AG acquired a new position in Masco during the 2nd quarter worth about $149,673,000. Finally, JPMorgan Chase & Co. grew its holdings in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after acquiring an additional 977,684 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.