Masco (NYSE:MAS) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Masco (NYSE:MASGet Rating) from a buy rating to a hold rating in a report released on Friday.

A number of other equities analysts also recently commented on MAS. Robert W. Baird boosted their target price on shares of Masco from $68.00 to $72.00 in a report on Thursday, April 28th. The Goldman Sachs Group cut their price objective on shares of Masco from $75.00 to $64.00 and set a buy rating on the stock in a report on Tuesday, April 12th. Barclays cut their price objective on shares of Masco from $68.00 to $66.00 and set an overweight rating on the stock in a report on Thursday, July 14th. UBS Group cut their price objective on shares of Masco from $81.00 to $76.00 and set a buy rating on the stock in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Masco from $58.00 to $54.00 in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Masco currently has an average rating of Hold and a consensus target price of $64.15.

Masco Stock Down 0.3 %

NYSE:MAS opened at $52.72 on Friday. The firm has a market cap of $11.89 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.09 and a beta of 1.22. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.36 and a quick ratio of 0.81. The company has a 50-day moving average of $53.14 and a 200 day moving average of $54.73. Masco has a 1-year low of $46.27 and a 1-year high of $71.06.

Masco (NYSE:MASGet Rating) last announced its earnings results on Thursday, July 28th. The construction company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.36 billion. Masco had a negative return on equity of 686.15% and a net margin of 9.83%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. As a group, research analysts anticipate that Masco will post 4.18 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.12 annualized dividend and a yield of 2.12%. Masco’s dividend payout ratio is presently 31.11%.

Insiders Place Their Bets

In other Masco news, CEO Keith J. Allman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following the sale, the chief executive officer now owns 288,295 shares in the company, valued at approximately $14,997,105.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Charles K. Stevens III sold 7,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the transaction, the director now owns 10,160 shares in the company, valued at approximately $572,820.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the transaction, the chief executive officer now owns 288,295 shares in the company, valued at approximately $14,997,105.90. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MAS. Van ECK Associates Corp raised its stake in Masco by 97.5% in the 2nd quarter. Van ECK Associates Corp now owns 3,418,052 shares of the construction company’s stock valued at $172,953,000 after purchasing an additional 1,687,476 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in Masco by 18.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 4,870,464 shares of the construction company’s stock valued at $246,445,000 after purchasing an additional 751,825 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Masco by 3,316.8% in the 1st quarter. Renaissance Technologies LLC now owns 710,700 shares of the construction company’s stock worth $36,246,000 after acquiring an additional 689,900 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Masco by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,917,680 shares of the construction company’s stock worth $1,117,802,000 after acquiring an additional 688,373 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Masco in the 4th quarter worth $41,980,000. 93.76% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

(Get Rating)

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.

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Analyst Recommendations for Masco (NYSE:MAS)

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