Jefferies Group LLC Reaffirms “Buy” Rating for Masco Corp (MAS)
Masco Corp (NYSE:MAS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a report released on Friday. They presently have a $39.00 target price on the stock. Jefferies Group LLC’s price target suggests a potential upside of 12.52% from the stock’s previous close.
MAS has been the topic of a number of other reports. Barclays PLC decreased their price objective on Masco Corp to $36.00 in a report on Friday, February 10th. Zacks Investment Research raised Masco Corp from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Macquarie set a $40.00 price objective on Masco Corp and gave the company an “outperform” rating in a report on Friday, December 16th. Finally, Goldman Sachs Group Inc cut Masco Corp from a “conviction-buy” rating to a “buy” rating in a report on Monday, December 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Masco Corp presently has a consensus rating of “Buy” and an average target price of $37.62.
Shares of Masco Corp (NYSE:MAS) traded up 0.03% during mid-day trading on Friday, reaching $34.66. The company had a trading volume of 4,146,420 shares. The firm has a market capitalization of $11.02 billion, a PE ratio of 23.58 and a beta of 1.51. The stock has a 50 day moving average price of $33.69 and a 200 day moving average price of $32.90. Masco Corp has a 12-month low of $29.04 and a 12-month high of $37.38.
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Masco Corp (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, equities analysts forecast that Masco Corp will post $1.87 earnings per share for the current year.
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In other news, VP Christopher K. Kastner sold 5,463 shares of Masco Corp stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $33.80, for a total value of $184,649.40. Following the sale, the vice president now directly owns 35,524 shares in the company, valued at approximately $1,200,711.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lisa A. Payne sold 1,949 shares of Masco Corp stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $33.89, for a total value of $66,051.61. Following the completion of the sale, the director now owns 61,346 shares in the company, valued at $2,079,015.94. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of MAS. IFP Advisors Inc raised its stake in shares of Masco Corp by 2.5% in the second quarter. IFP Advisors Inc now owns 4,000 shares of the company’s stock worth $124,000 after buying an additional 96 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Masco Corp during the third quarter worth $164,000. Global X Management Co. LLC raised its stake in shares of Masco Corp by 92.8% in the third quarter. Global X Management Co. LLC now owns 5,138 shares of the company’s stock worth $176,000 after buying an additional 2,473 shares in the last quarter. Dearborn Partners LLC acquired a new stake in shares of Masco Corp during the third quarter worth $201,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Masco Corp by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the company’s stock worth $206,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.
About Masco Corp
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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