Brokerages Set Masco Corporation (NYSE:MAS) Price Target at $73.20

Shares of Masco Corporation (NYSE:MAS) have been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $73.20.

MAS has been the topic of a number of research reports. Citigroup reduced their target price on shares of Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. 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 research note on Wednesday, November 5th. Wells Fargo & Company raised their target price on Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Finally, Barclays reissued an “equal weight” rating and issued a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th.

Masco Price Performance

Shares of MAS opened at $70.20 on Monday. 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 has a market cap of $14.58 billion, a PE ratio of 18.00, a PEG ratio of 2.75 and a beta of 1.28. Masco has a 12-month low of $56.55 and a 12-month high of $82.18. The business has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $67.68.

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

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Institutional Investors Weigh In On Masco

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

About Masco

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.