Masco Co. (NYSE:MAS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Masco Co. (NYSE:MAS) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $85.88.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered Masco from a “buy” rating to a “hold” rating and lowered their target price for the stock from $96.00 to $89.00 in a research report on Monday. Evercore ISI upped their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Masco Stock Down 1.7 %

Shares of NYSE MAS opened at $72.69 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a market cap of $15.68 billion, a PE ratio of 19.33, a P/E/G ratio of 2.57 and a beta of 1.23. The company’s fifty day simple moving average is $80.41 and its 200 day simple moving average is $76.66. Masco has a 12-month low of $63.60 and a 12-month high of $86.70.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Masco will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.60%. Masco’s payout ratio is currently 30.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in Masco during the second quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of Masco during the 2nd quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Masco during the 3rd quarter worth $38,000. LRI Investments LLC increased its holdings in Masco by 850.8% in the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after acquiring an additional 536 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Masco in the 3rd quarter valued at about $43,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

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.