Masco Corporation (NYSE:MAS) Receives Consensus Rating of “Hold” from Brokerages

Masco Corporation (NYSE:MAS) has been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $80.0667.

MAS has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Masco from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price target on shares of Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. BMO Capital Markets lowered their price target on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd.

Masco Trading Down 3.0%

NYSE MAS opened at $72.55 on Thursday. Masco has a twelve month low of $58.16 and a twelve month high of $79.19. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.84 and a beta of 1.31. The firm’s 50 day moving average price is $69.07 and its two-hundred day moving average price is $67.37.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. Masco had a net margin of 10.90% and a return on equity of 815.20%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company posted $0.87 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts anticipate that Masco will post 4.25 EPS for the current year.

Masco declared that its board has approved a stock repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, May 22nd. Masco’s payout ratio is currently 31.76%.

Hedge Funds Weigh In On Masco

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Masco by 0.6% during the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock valued at $649,545,000 after acquiring an additional 60,430 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after purchasing an additional 977,684 shares in the last quarter. Boston Partners boosted its holdings in Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock worth $411,832,000 after purchasing an additional 58,609 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Masco by 76.1% in the fourth quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock worth $306,295,000 after purchasing an additional 2,085,454 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Masco by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock worth $278,619,000 after purchasing an additional 267,012 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.