Masco Corp (MAS) Given Average Rating of “Buy” by Analysts

Masco Corp (NYSE:MAS) has earned an average recommendation of “Buy” from the twenty analysts that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.47.

MAS has been the topic of a number of research reports. Zacks Investment Research lowered Masco from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird increased their price objective on Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. KeyCorp restated a “hold” rating on shares of Masco in a research note on Tuesday, September 26th. JPMorgan Chase & Co. downgraded Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada upped their target price on Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th.

In other Masco news, VP John P. Lindow sold 17,026 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the transaction, the vice president now owns 101,681 shares in the company, valued at $4,074,357.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Renee Straber sold 2,574 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The disclosure for this sale can be found here. Insiders have sold 88,961 shares of company stock worth $3,537,891 in the last quarter. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of MAS. Cubist Systematic Strategies LLC raised its holdings in shares of Masco by 56.7% during the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock valued at $1,364,000 after acquiring an additional 12,649 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Masco by 2.3% during the third quarter. Prudential Financial Inc. now owns 497,210 shares of the construction company’s stock valued at $19,396,000 after acquiring an additional 11,362 shares during the last quarter. Palladium Partners LLC raised its holdings in shares of Masco by 1.1% during the third quarter. Palladium Partners LLC now owns 295,921 shares of the construction company’s stock valued at $11,544,000 after acquiring an additional 3,250 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Masco during the second quarter valued at approximately $2,824,000. Finally, Villere ST Denis J & Co. LLC acquired a new position in shares of Masco during the third quarter valued at approximately $253,000. Institutional investors own 89.07% of the company’s stock.

Shares of Masco (NYSE MAS) traded up $0.03 during mid-day trading on Monday, hitting $45.76. The stock had a trading volume of 2,603,500 shares, compared to its average volume of 2,825,433. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The firm has a market capitalization of $14,390.00, a price-to-earnings ratio of 27.08, a PEG ratio of 1.20 and a beta of 1.58. Masco has a fifty-two week low of $31.29 and a fifty-two week high of $46.01.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. equities analysts expect that Masco will post 1.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.92%. Masco’s payout ratio is 24.85%.

COPYRIGHT VIOLATION WARNING: “Masco Corp (MAS) Given Average Rating of “Buy” by Analysts” was posted by BBNS and is owned by of BBNS. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/masco-corp-mas-given-average-rating-of-buy-by-analysts/1838238.html.

Masco Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Analyst Recommendations for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal


Leave a Reply

 
© 2006-2018 BBNS.