Analysts Set Masco Co. (NYSE:MAS) Price Target at $87.04

Masco Co. (NYSE:MAS) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $85.88.

Several equities analysts recently commented on the stock. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and reduced their price objective for the company from $96.00 to $89.00 in a research note on Monday. Barclays boosted their price target on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. 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. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Evercore ISI raised their price target on Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in shares of Masco in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in Masco in the second quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in Masco during the third quarter valued at about $38,000. Ashton Thomas Securities LLC bought a new position in shares of Masco during the third quarter valued at about $43,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Masco by 59.4% in the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after buying an additional 222 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Trading Down 1.7 %

NYSE:MAS opened at $72.69 on Friday. The company has a market cap of $15.68 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.57 and a beta of 1.23. Masco has a 1 year low of $63.60 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The stock’s fifty day moving average price is $80.41 and its two-hundred day moving average price is $76.66.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. As a group, analysts expect that Masco will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. Masco’s payout ratio is 30.85%.

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.