Masco’s (MAS) Equal Weight Rating Reiterated at Barclays

Barclays restated their equal weight rating on shares of Masco (NYSE:MAS) in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has a $71.00 target price on the construction company’s stock, down from their prior target price of $76.00.

A number of other research firms have also issued reports on MAS. Vertical Research started coverage on Masco in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Wells Fargo & Company reduced their target price on shares of Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Argus reduced their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Masco currently has an average rating of “Hold” and a consensus target price of $73.20.

Masco Stock Performance

Shares of MAS stock opened at $63.35 on Monday. The firm has a 50 day moving average of $64.89 and a two-hundred day moving average of $67.10. The stock has a market capitalization of $13.16 billion, a PE ratio of 16.24, a P/E/G ratio of 2.64 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. Masco has a 52 week low of $56.55 and a 52 week high of $82.18.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, research analysts predict that Masco will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Masco’s payout ratio is 31.79%.

Institutional Trading of Masco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rossby Financial LCC boosted its position in shares of Masco by 134.2% in the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after purchasing an additional 212 shares during the period. Sunbelt Securities Inc. purchased a new stake in Masco in the third quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Masco in the second quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in shares of Masco in the third quarter valued at approximately $34,000. Finally, Headlands Technologies LLC grew its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Company Profile

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.