Masco Co. (NYSE:MAS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Masco Co. (NYSE:MAS) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $86.79.

Several equities analysts have recently commented on the company. Robert W. Baird lowered their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. Truist Financial upped their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital boosted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th.

Masco Stock Up 1.0 %

Shares of Masco stock opened at $72.42 on Thursday. Masco has a twelve month low of $63.81 and a twelve month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company’s 50 day moving average is $77.54 and its 200 day moving average is $77.18. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. Research analysts anticipate that Masco will post 4.09 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.60%. Masco’s dividend payout ratio is 30.85%.

Institutional Trading of Masco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Masco during the third quarter valued at approximately $38,000. Ashton Thomas Securities LLC purchased a new position in Masco during the 3rd quarter worth $43,000. Venturi Wealth Management LLC raised its position in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of Masco during the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

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.