Masco Co. (NYSE:MAS) Receives $85.96 Consensus Target Price from Analysts

Masco Co. (NYSE:MAS) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $85.96.

Several brokerages have recently commented on MAS. JPMorgan Chase & Co. lifted their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Barclays raised their price target on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets raised their target price on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 50.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MAS. Farther Finance Advisors LLC lifted its position in Masco by 6.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after buying an additional 128 shares in the last quarter. WCM Investment Management LLC raised its holdings in Masco by 0.3% during the third quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock worth $3,756,000 after acquiring an additional 132 shares in the last quarter. Metis Global Partners LLC boosted its position in Masco by 1.9% during the third quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after purchasing an additional 133 shares during the last quarter. Empirical Finance LLC grew its stake in Masco by 1.8% in the third quarter. Empirical Finance LLC now owns 7,917 shares of the construction company’s stock valued at $665,000 after purchasing an additional 137 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

MAS stock opened at $80.70 on Wednesday. The company has a 50 day moving average price of $81.78 and a 200 day moving average price of $75.57. Masco has a fifty-two week low of $58.91 and a fifty-two week 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 has a market capitalization of $17.41 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.00 earnings per share. Analysts forecast 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. Shareholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

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.