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

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

A number of other equities research analysts have also issued reports on the company. Loop Capital upped their price target on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. UBS Group increased their price objective on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Truist Financial increased their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.96.

Masco Price Performance

Shares of MAS stock traded up $0.03 during trading hours on Thursday, reaching $80.24. The company had a trading volume of 1,443,824 shares, compared to its average volume of 1,806,748. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a fifty day moving average of $81.68 and a 200-day moving average of $74.73. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.62 and a beta of 1.24. Masco has a 12-month low of $55.09 and a 12-month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Masco will post 4.1 earnings per share for the current year.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

Hedge funds and other institutional investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in Masco in the first quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of Masco during the second quarter worth about $25,000. Family Firm Inc. purchased a new position in shares of Masco during the second quarter worth about $30,000. Capital Performance Advisors LLP purchased a new position in shares of Masco during the third quarter worth about $38,000. Finally, Larson Financial Group LLC grew its holdings in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.