Shares of Masco Co. (NYSE:MAS – Get Rating) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $65.33.
A number of research firms recently issued reports on MAS. Bank of America downgraded Masco from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $75.00 to $55.00 in a research report on Monday, April 11th. Truist Financial lowered their target price on Masco from $77.00 to $70.00 in a research report on Thursday, April 28th. Barclays lowered their target price on Masco from $75.00 to $68.00 in a research report on Thursday, March 31st. Wells Fargo & Company lowered their target price on Masco from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Finally, Loop Capital lowered their target price on Masco from $65.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, April 6th.
In other news, Director Charles K. Stevens III sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the completion of the sale, the director now owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Keith J. Allman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $49.88, for a total value of $498,800.00. Following the completion of the sale, the chief executive officer now owns 298,295 shares of the company’s stock, valued at $14,878,954.60. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
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Several hedge funds have recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Masco in the first quarter valued at approximately $96,000. Verition Fund Management LLC lifted its stake in Masco by 54.0% during the first quarter. Verition Fund Management LLC now owns 124,930 shares of the construction company’s stock worth $6,371,000 after purchasing an additional 43,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Masco by 38.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,998 shares of the construction company’s stock worth $2,702,000 after purchasing an additional 14,744 shares during the last quarter. M Holdings Securities Inc. bought a new stake in Masco during the first quarter worth $206,000. Finally, Advisory Services Network LLC lifted its stake in Masco by 90.8% during the first quarter. Advisory Services Network LLC now owns 20,561 shares of the construction company’s stock worth $1,049,000 after purchasing an additional 9,782 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.
MAS opened at $51.24 on Wednesday. The business’s 50-day moving average price is $53.54 and its two-hundred day moving average price is $57.52. Masco has a 1 year low of $46.27 and a 1 year high of $71.06. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.09 and a beta of 1.23. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.60 and a quick ratio of 0.98.
Masco (NYSE:MAS – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.06 billion. Masco had a return on equity of 3,870.83% and a net margin of 6.38%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Sell-side analysts anticipate that Masco will post 4.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Friday, May 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, May 26th. Masco’s dividend payout ratio is presently 49.34%.
Masco Company Profile (Get Rating)
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.
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