Masco Co. (NYSE:MAS) Receives $86.32 Average Price Target from Brokerages

Shares of Masco Co. (NYSE:MAS) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Eight 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 target price among brokerages that have issued a report on the stock in the last year is $86.32.

Several research analysts have recently weighed in on MAS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $74.00 target price on shares of Masco in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on shares of Masco from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup decreased their target price on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target on the stock in a research report on Friday, January 10th. Finally, UBS Group reduced their price objective on Masco from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Renee Straber sold 3,139 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, the vice president now owns 33,027 shares of the company’s stock, valued at approximately $2,370,678.06. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of Masco in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in Masco in the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new position in Masco during the 4th quarter worth $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco in the fourth quarter valued at about $42,000. Finally, GeoWealth Management LLC increased its stake in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after purchasing an additional 322 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

MAS opened at $69.56 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The firm has a market cap of $14.75 billion, a PE ratio of 18.50, a P/E/G ratio of 1.94 and a beta of 1.24. The business has a fifty day simple moving average of $75.06 and a 200-day simple moving average of $77.85. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter in the prior year, the business earned $0.83 earnings per share. As a group, equities analysts predict that Masco will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is presently 32.98%.

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.