Masco (NYSE:MAS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Masco (NYSE:MAS) from a hold rating to a buy rating in a report released on Monday morning.

MAS has been the subject of a number of other research reports. Barclays boosted their price objective on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on shares of Masco from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group increased their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial boosted their price target on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company lifted their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.75.

Masco Price Performance

Shares of NYSE:MAS opened at $82.88 on Monday. Masco has a 12 month low of $47.66 and a 12 month high of $86.70. The firm has a market capitalization of $18.25 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.64 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company’s fifty day moving average price is $81.22 and its 200 day moving average price is $74.28.

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

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Several hedge funds have recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in shares of Masco in the first quarter valued at $25,000. Innealta Capital LLC purchased a new position in Masco during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in shares of Masco in the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV grew its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.