Masco (NYSE:MAS) Stock Gets Price Target Cut from Royal Bank Of Canada

Masco (NYSE:MAS) had its price objective trimmed by Royal Bank Of Canada from $72.00 to $69.00 in a report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a sector perform rating on the construction company’s stock.

Several other research firms have also issued reports on MAS. DA Davidson began coverage on shares of Masco in a research note on Monday, August 24th. They set a “neutral” rating and a $80.00 target price on the stock. Citigroup reduced their price target on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Barclays lowered their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings lowered Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price for the company. in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.12.

Masco Stock Performance

MAS opened at $68.75 on Wednesday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The firm has a fifty day moving average price of $71.40 and a 200 day moving average price of $71.16. Masco has a 1 year low of $58.16 and a 1 year high of $83.64. The stock has a market cap of $13.56 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.70 and a beta of 1.30.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the business earned $1.30 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts anticipate that Masco will post 4.52 earnings per share for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Institutional Investors Weigh In On Masco

Several institutional investors have recently bought and sold shares of MAS. Wedmont Private Capital increased its position in shares of Masco by 36.5% during the third quarter. Wedmont Private Capital now owns 8,378 shares of the construction company’s stock worth $582,000 after purchasing an additional 2,240 shares in the last quarter. Diversified Management Inc. purchased a new position in Masco in the 3rd quarter valued at $1,811,000. GAMMA Investing LLC boosted its stake in Masco by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 34,605 shares of the construction company’s stock worth $2,332,000 after purchasing an additional 6,187 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Masco by 2.0% during the third quarter. Grove Bank & Trust now owns 10,923 shares of the construction company’s stock worth $736,000 after buying an additional 219 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Masco by 9.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,092 shares of the construction company’s stock worth $208,000 after buying an additional 263 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.