TheStreet Upgrades Masco (NYSE:MAS) to “B-“

Masco (NYSE:MAS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada set a $45.00 price target on shares of Masco and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America lowered their price target on shares of Masco from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Argus upped their price target on shares of Masco from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays upped their price target on shares of Masco from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks lowered their price target on shares of Masco from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.53.

MAS stock traded up $0.16 during mid-day trading on Tuesday, reaching $44.17. The company had a trading volume of 137,680 shares, compared to its average volume of 2,667,455. The company has a debt-to-equity ratio of 39.03, a current ratio of 1.46 and a quick ratio of 0.96. The company has a market capitalization of $12.81 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42. The firm has a 50 day moving average of $42.17 and a 200 day moving average of $39.72. Masco has a 12 month low of $27.03 and a 12 month high of $44.51.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.34 billion. Masco had a net margin of 8.77% and a return on equity of 792.80%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Analysts anticipate that Masco will post 2.66 EPS for the current year.

Masco announced that its board has approved a share buyback plan on Tuesday, September 17th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 16.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

In related news, CFO John G. Sznewajs sold 85,473 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $40.88, for a total transaction of $3,494,136.24. Following the completion of the sale, the chief financial officer now owns 318,403 shares of the company’s stock, valued at $13,016,314.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.17% of the company’s stock.

A number of large investors have recently bought and sold shares of MAS. Rational Advisors LLC lifted its position in Masco by 111.6% during the second quarter. Rational Advisors LLC now owns 658 shares of the construction company’s stock valued at $26,000 after acquiring an additional 347 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Masco by 94.5% during the second quarter. Johnson Financial Group Inc. now owns 706 shares of the construction company’s stock valued at $27,000 after acquiring an additional 343 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in Masco during the second quarter valued at approximately $30,000. Redhawk Wealth Advisors Inc. purchased a new stake in Masco during the second quarter valued at approximately $30,000. Finally, Motco purchased a new stake in Masco during the second quarter valued at approximately $39,000. 90.43% of the stock is owned by institutional investors.

About Masco

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

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Analyst Recommendations for Masco (NYSE:MAS)

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