Masco (NYSE:MAS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $49.00 price objective on the construction company’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.85% from the stock’s current price.

According to Zacks, “Shares of Masco outperformed the industry it belongs to, in the past year. Masco, being one of the leading cabinet manufacturers in the United States, operates through various divisions and offers a large number of products. The company regularly divests its less profitable and underperforming businesses to focus on core areas in a bid to accelerate growth and improve shareholders’ value. Strong demand from repair and remodeling products led to a 3% increase in North American sales in the first nine months of 2017. However, hurricanes have negatively impacted the quarter delaying deliveries and installation schedules. For 2017 earnings, Masco slashed the upper end of its earlier guided range owing to the impact of hurricanes.”

Several other brokerages have also recently issued reports on MAS. Robert W. Baird boosted their price objective on shares of Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Citigroup boosted their price objective on shares of Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. FBR & Co reissued a “buy” rating and issued a $46.00 price objective (up from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Evercore ISI cut shares of Masco to an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Masco from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $43.47.

Shares of Masco (NYSE MAS) traded down $0.13 on Wednesday, reaching $43.81. 1,588,100 shares of the company’s stock traded hands, compared to its average volume of 1,620,750. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48. The firm has a market cap of $13,780.00, a PE ratio of 25.92, a P/E/G ratio of 1.19 and a beta of 1.58. Masco has a 12 month low of $31.29 and a 12 month high of $44.44.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Masco had a net margin of 7.23% and a negative return on equity of 7,325.00%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts anticipate that Masco will post 1.95 EPS for the current fiscal year.

In related news, CFO John G. Sznewajs sold 52,511 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at approximately $15,591,174.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $42.55, for a total transaction of $109,523.70. Following the completion of the sale, the vice president now directly owns 65,423 shares in the company, valued at $2,783,748.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,961 shares of company stock worth $3,537,891. Corporate insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in Masco in the 2nd quarter valued at about $101,000. YorkBridge Wealth Partners LLC grew its stake in Masco by 4.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after acquiring an additional 127 shares during the last quarter. Advisory Services Network LLC grew its stake in Masco by 27.6% in the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after acquiring an additional 763 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Masco in the 2nd quarter valued at about $166,000. Finally, Commonwealth Bank of Australia lifted its holdings in Masco by 1.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after purchasing an additional 89 shares in the last quarter. 88.93% of the stock is currently owned by hedge funds and other institutional investors.

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Masco Company Profile

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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