Masco Co. (NYSE:MAS) Receives $77.58 Average Price Target from Analysts

Masco Co. (NYSE:MAS) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $77.58.

Several research firms have recently weighed in on MAS. Robert W. Baird boosted their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their price target on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. BMO Capital Markets upped their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Barclays upped their price target on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

A number of institutional investors and hedge funds have recently made changes to their positions in MAS. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the 1st quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Masco during the 2nd quarter worth approximately $25,000. Versant Capital Management Inc lifted its holdings in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares during the period. Family Firm Inc. bought a new stake in shares of Masco during the 2nd quarter worth approximately $30,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Up 1.2 %

Shares of MAS stock opened at $78.92 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco has a 1 year low of $47.66 and a 1 year high of $81.91. The firm’s fifty day moving average price is $74.97 and its two-hundred day moving average price is $72.90. The firm has a market capitalization of $17.22 billion, a P/E ratio of 19.34, a PEG ratio of 2.45 and a beta of 1.24.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion for 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%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. On average, equities analysts predict that Masco will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, August 2nd. Masco’s dividend payout ratio is currently 28.43%.

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.