Masco (NYSE:MAS) Upgraded to Buy by StockNews.com

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

Several other brokerages have also weighed in on MAS. Citigroup cut their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Truist Financial increased their price target on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group boosted their price objective 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. Barclays increased their target price on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Masco has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

Masco Stock Down 0.1 %

Shares of NYSE MAS opened at $83.82 on Monday. The firm’s 50 day moving average price is $78.20 and its 200 day moving average price is $73.44. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The firm has a market cap of $18.46 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Masco has a 1 year low of $47.66 and a 1 year high of $84.69.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, sell-side analysts anticipate that Masco will post 4.11 earnings per share for the current year.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on 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 $2,896,273.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Masco

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Masco during the second quarter valued at about $3,377,000. Teachers Retirement System of The State of Kentucky grew its stake in Masco by 89.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 579,597 shares of the construction company’s stock valued at $38,642,000 after purchasing an additional 273,718 shares in the last quarter. Cetera Investment Advisers increased its holdings in Masco by 9.3% during the 2nd quarter. Cetera Investment Advisers now owns 31,846 shares of the construction company’s stock worth $2,123,000 after purchasing an additional 2,698 shares during the last quarter. Truist Financial Corp raised its position in shares of Masco by 6.5% in the 2nd quarter. Truist Financial Corp now owns 61,263 shares of the construction company’s stock valued at $4,084,000 after purchasing an additional 3,724 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Masco by 3.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,870 shares of the construction company’s stock valued at $458,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds 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.