Masco Corp (MAS) Receives Average Rating of “Buy” from Brokerages

Masco Corp (NYSE:MAS) has been assigned an average recommendation of “Buy” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.07.

MAS has been the subject of several recent analyst reports. Wells Fargo & Co downgraded Masco from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a report on Wednesday, October 25th. Royal Bank of Canada increased their price objective on Masco from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Raymond James Financial reissued a “market perform” rating on shares of Masco in a report on Wednesday, October 25th. Robert W. Baird increased their price objective on Masco from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Nomura set a $45.00 price objective on Masco and gave the company a “buy” rating in a report on Wednesday, October 25th.

Masco (MAS) traded up $1.43 during midday trading on Friday, hitting $42.13. The stock had a trading volume of 5,990,423 shares, compared to its average volume of 3,293,498. The firm has a market cap of $13,428.79, a P/E ratio of 25.08, a PEG ratio of 1.08 and a beta of 1.49. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. Masco has a 12 month low of $32.88 and a 12 month high of $46.44.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. equities analysts predict that Masco will post 1.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, January 12th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is 25.00%.

In other Masco news, VP Renee Straber sold 2,574 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the transaction, the vice president now owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lokeren Mary Ann Van sold 16,850 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the transaction, the director now owns 47,909 shares in the company, valued at approximately $1,861,264.65. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in Masco by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,474 shares of the construction company’s stock worth $286,000 after buying an additional 105 shares during the period. Krilogy Financial LLC increased its position in Masco by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 7,410 shares of the construction company’s stock worth $283,000 after buying an additional 200 shares during the period. Advisory Services Network LLC increased its position in Masco by 27.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after buying an additional 763 shares during the period. River Wealth Advisors LLC increased its position in Masco by 6.4% during the 4th quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock worth $892,000 after buying an additional 1,226 shares during the period. Finally, Boys Arnold & Co. Inc. increased its position in Masco by 7.6% during the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock worth $794,000 after buying an additional 1,275 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

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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)

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