Masco (NYSE:MAS) Stock Rating Upgraded by StockNews.com

Masco (NYSE:MAS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities analysts have also issued reports on MAS. Barclays boosted their price objective on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their price objective on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Truist Financial upped their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price target on Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Jefferies Financial Group upped their price objective on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and an average target price of $81.75.

Masco Stock Down 2.4 %

Shares of NYSE MAS opened at $82.20 on Monday. Masco has a 52-week low of $47.66 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The stock has a market cap of $18.10 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.64 and a beta of 1.24. The firm has a 50 day moving average price of $80.81 and a 200 day moving average price of $74.13.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. Analysts expect that Masco will post 4.11 EPS for the current year.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

Institutional Trading of Masco

A number of hedge funds have recently made changes to their positions in MAS. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC bought a new stake in shares of Masco in the second quarter valued at about $25,000. Family Firm Inc. acquired a new position in shares of Masco in the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV raised its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.