StockNews.com Upgrades Masco (NYSE:MAS) to “Buy”

Masco (NYSE:MAS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

MAS has been the topic of several other reports. Loop Capital lowered their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday. Royal Bank of Canada increased their target price on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI decreased their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday. Truist Financial increased their target price on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Oppenheimer began coverage on shares of Masco in a research report on Friday, January 19th. They set a “market perform” rating on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.07.

Masco Stock Down 0.0 %

Masco stock opened at $69.85 on Thursday. The stock has a market cap of $15.38 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. Masco has a twelve month low of $47.66 and a twelve month high of $78.94. The company’s 50-day moving average price is $75.17 and its two-hundred day moving average price is $66.88.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. As a group, analysts expect that Masco will post 4.12 EPS for the current year.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Allan Marshall sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock worth $6,337,597 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its stake in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after acquiring an additional 178 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Masco by 270.6% during the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Masco during the fourth quarter valued at $39,000. Finally, Union Savings Bank raised its stake in shares of Masco by 91.7% during the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

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.