Masco (NYSE:MAS) Receives “Hold” Rating from Loop Capital

Loop Capital reiterated their hold rating on shares of Masco (NYSE:MAS) in a report published on Monday, MarketBeat Ratings reports. They currently have a $73.00 price target on the construction company’s stock, up from their prior price target of $62.00.

A number of other research firms also recently issued reports on MAS. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on Masco from $65.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. UBS Group reissued a “buy” rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a report on Wednesday, May 28th. Twelve investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.13.

Masco Stock Down 0.8%

MAS opened at $69.39 on Monday. Masco has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The firm has a 50-day simple moving average of $65.07 and a two-hundred day simple moving average of $67.93. The company has a market capitalization of $14.53 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts forecast that Masco will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 8th. Masco’s dividend payout ratio is currently 32.89%.

Institutional Trading of Masco

Several institutional investors and hedge funds have recently modified their holdings of MAS. Franklin Resources Inc. raised its position in Masco by 5.1% during the 4th quarter. Franklin Resources Inc. now owns 348,847 shares of the construction company’s stock valued at $25,316,000 after purchasing an additional 16,964 shares in the last quarter. World Investment Advisors lifted its stake in Masco by 111.9% in the fourth quarter. World Investment Advisors now owns 5,068 shares of the construction company’s stock worth $368,000 after acquiring an additional 2,676 shares during the period. Wells Fargo & Company MN grew its holdings in Masco by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 345,374 shares of the construction company’s stock worth $25,064,000 after acquiring an additional 3,591 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Masco during the 4th quarter valued at about $4,554,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Masco in the 4th quarter valued at about $255,000. Institutional investors own 93.91% of the company’s stock.

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.