Masco (NYSE:MAS) Upgraded to “Outperform” at Oppenheimer

Oppenheimer upgraded shares of Masco (NYSE:MAS) from a market perform rating to an outperform rating in a report released on Friday morning, MarketBeat Ratings reports. They currently have $89.00 price objective on the construction company’s stock.

MAS has been the topic of a number of other research reports. Truist Financial raised 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. Robert W. Baird cut their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Evercore ISI upped their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.96.

Masco Stock Down 0.5 %

Shares of Masco stock opened at $72.09 on Friday. 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 $63.81 and a 1-year high of $86.70. The business’s fifty day moving average price is $77.39 and its two-hundred day moving average price is $77.15. The company has a market capitalization of $15.55 billion, a P/E ratio of 19.17, a PEG ratio of 2.55 and a beta of 1.25.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is 30.85%.

Institutional Trading of Masco

Several large investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in Masco during the fourth quarter valued at $27,000. Iowa State Bank grew its stake in Masco by 0.6% during the 4th quarter. Iowa State Bank now owns 50,751 shares of the construction company’s stock valued at $3,683,000 after acquiring an additional 287 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Masco by 26.9% in the 4th quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company’s stock valued at $2,314,000 after purchasing an additional 6,768 shares during the period. Pensionfund Sabic lifted its position in shares of Masco by 20.0% in the fourth quarter. Pensionfund Sabic now owns 18,000 shares of the construction company’s stock worth $1,306,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Masco by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after purchasing an additional 520,555 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

About Masco

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.