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

Masco Corp (NYSE:MAS) has earned a consensus rating of “Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.44.

A number of research firms have recently issued reports on MAS. ValuEngine upgraded shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Cfra restated a “buy” rating and set a $46.00 target price on shares of Masco in a research note on Sunday, August 5th. Citigroup raised their target price on shares of Masco from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Evercore ISI upgraded shares of Masco from an “in-line” rating to an “outperform” rating in a research note on Monday, October 1st. Finally, Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd.

Shares of MAS traded down $0.09 during midday trading on Friday, reaching $31.29. The stock had a trading volume of 4,179,690 shares, compared to its average volume of 5,892,183. Masco has a one year low of $27.15 and a one year high of $46.44. The company has a market cap of $9.56 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.56. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.13.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Analysts expect that Masco will post 2.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th were paid a $0.12 dividend. This is a boost from Masco’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.48 annualized dividend and a yield of 1.53%. Masco’s payout ratio is 24.74%.

In other Masco news, CFO John G. Sznewajs sold 96,869 shares of Masco stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares in the company, valued at approximately $9,253,663.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. O’reagan sold 12,900 shares of Masco stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $31.48, for a total transaction of $406,092.00. Following the completion of the sale, the insider now owns 61,443 shares of the company’s stock, valued at approximately $1,934,225.64. The disclosure for this sale can be found here. Insiders sold a total of 209,769 shares of company stock valued at $7,306,140 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of Masco by 25.8% in the 1st quarter. Principal Financial Group Inc. now owns 768,053 shares of the construction company’s stock valued at $31,060,000 after buying an additional 157,658 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Masco by 150.4% in the 1st quarter. Allianz Asset Management GmbH now owns 168,551 shares of the construction company’s stock valued at $6,816,000 after buying an additional 101,225 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Masco by 27.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 19,792 shares of the construction company’s stock valued at $741,000 after buying an additional 4,296 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Masco by 11.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 62,530 shares of the construction company’s stock valued at $2,337,000 after buying an additional 6,630 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Masco by 8.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 97,909 shares of the construction company’s stock valued at $3,664,000 after buying an additional 7,468 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.

Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows & Other Specialty Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Analyst Recommendations for Masco (NYSE:MAS)

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