Masco (MAS) Stock Rating Lowered by JPMorgan Chase & Co.

Masco (NYSE:MAS) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports.

Other equities research analysts have also issued research reports about the company. B. Riley reissued a “buy” rating on shares of Masco in a research note on Wednesday, November 1st. Argus lifted their price objective on Masco from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Barclays set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. FBR & Co reissued a “buy” rating and set a $46.00 price objective (up previously from $43.00) on shares of Masco in a research note on Wednesday, October 25th. Finally, Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a research note on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.47.

Masco (MAS) traded up $0.41 during trading hours on Friday, reaching $44.46. The company had a trading volume of 2,894,100 shares, compared to its average volume of 2,580,000. The company has a market capitalization of $13,990.00, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. Masco has a 12 month low of $31.29 and a 12 month high of $44.49. The company has a quick ratio of 1.43, a current ratio of 1.94 and a debt-to-equity ratio of 49.48.

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

In other Masco news, VP John P. Lindow sold 17,026 shares of Masco stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the completion of the sale, the vice president now owns 101,681 shares of the company’s stock, valued at $4,074,357.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John G. Sznewajs sold 52,511 shares of Masco stock in a transaction dated Friday, October 27th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,961 shares of company stock valued at $3,537,891. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. AJO LP increased its holdings in shares of Masco by 1,209.7% in the second quarter. AJO LP now owns 3,165,592 shares of the construction company’s stock worth $120,957,000 after buying an additional 2,923,889 shares during the period. BlackRock Inc. increased its holdings in shares of Masco by 9.9% in the second quarter. BlackRock Inc. now owns 30,658,112 shares of the construction company’s stock worth $1,171,447,000 after buying an additional 2,763,057 shares during the period. Northern Trust Corp increased its holdings in shares of Masco by 31.3% in the second quarter. Northern Trust Corp now owns 8,246,426 shares of the construction company’s stock worth $315,096,000 after buying an additional 1,963,938 shares during the period. FMR LLC increased its holdings in shares of Masco by 7.5% in the second quarter. FMR LLC now owns 20,535,390 shares of the construction company’s stock worth $784,657,000 after buying an additional 1,439,946 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Masco by 41.4% in the third quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock worth $109,791,000 after buying an additional 824,665 shares during the period. 88.93% of the stock is 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.

Analyst Recommendations for Masco (NYSE:MAS)