Masco (MAS) Downgraded to Strong Sell at ValuEngine

Masco (NYSE:MAS) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

MAS has been the subject of several other reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Masco in a report on Tuesday, July 31st. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley upped their target price on Masco from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Longbow Research lowered Masco from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. Finally, Goldman Sachs Group initiated coverage on Masco in a report on Tuesday, October 2nd. They issued a “buy” rating and a $49.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.44.

MAS stock opened at $30.92 on Thursday. The company has a market capitalization of $9.83 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.39. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10. Masco has a 12-month low of $30.69 and a 12-month high of $46.44.

Masco (NYSE:MAS) last released its earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. Masco had a net margin of 7.41% and a return on equity of 490.27%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Analysts anticipate that Masco will post 2.5 earnings per share for the current fiscal year.

In other Masco news, CFO John G. Sznewajs sold 96,869 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the transaction, the chief financial officer now directly owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph B. Gross sold 1,286 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total value of $51,324.26. Following the transaction, the insider now directly owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAS. Dimensional Fund Advisors LP boosted its holdings in shares of Masco by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 921,938 shares of the construction company’s stock worth $37,283,000 after acquiring an additional 6,809 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Masco by 27.2% in the first quarter. Commonwealth Equity Services LLC now owns 43,910 shares of the construction company’s stock worth $1,775,000 after acquiring an additional 9,397 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Masco by 150.4% in the first quarter. Allianz Asset Management GmbH now owns 168,551 shares of the construction company’s stock worth $6,816,000 after acquiring an additional 101,225 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Masco by 17.6% in the first quarter. The Manufacturers Life Insurance Company now owns 365,778 shares of the construction company’s stock worth $14,792,000 after acquiring an additional 54,675 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Masco by 3.7% in the first quarter. LPL Financial LLC now owns 74,521 shares of the construction company’s stock worth $3,014,000 after acquiring an additional 2,691 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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