Brokerages Set Masco Corporation (NYSE:MAS) Target Price at $73.53

Shares of Masco Corporation (NYSE:MAS) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $73.5333.

MAS has been the subject of a number of analyst reports. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company upgraded Masco from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $75.00 in a research note on Monday, December 15th. Finally, UBS Group reduced their target price on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th.

Masco Stock Down 0.1%

NYSE:MAS opened at $64.64 on Thursday. Masco has a twelve month low of $56.55 and a twelve month high of $82.18. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.80 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. The stock’s 50 day moving average price is $63.95 and its two-hundred day moving average price is $67.26.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 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 company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities research analysts expect that Masco will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s payout ratio is 31.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rossby Financial LCC increased its holdings in shares of Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after purchasing an additional 212 shares during the period. Sunbelt Securities Inc. bought a new position in Masco during the 3rd quarter worth $26,000. Elevation Point Wealth Partners LLC acquired a new position in Masco in the 2nd quarter valued at $28,000. Community Bank N.A. bought a new stake in shares of Masco during the 3rd quarter valued at $34,000. Finally, Headlands Technologies LLC grew its holdings in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.