Brokerages Set Masco Co. (NYSE:MAS) PT at $86.79

Masco Co. (NYSE:MAS) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $86.96.

MAS has been the subject of several recent research reports. Truist Financial upped their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Citigroup reduced their price target on Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $85.00 price objective (down previously from $92.00) on shares of Masco in a report on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of Masco by 20.6% during the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of Masco by 21.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after purchasing an additional 96,415 shares during the period. Hsbc Holdings PLC increased its stake in Masco by 11.6% in the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock worth $30,932,000 after purchasing an additional 48,379 shares in the last quarter. Versant Capital Management Inc raised its holdings in Masco by 69.1% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after buying an additional 631 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Masco by 14.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock valued at $9,497,000 after buying an additional 18,287 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $73.52 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm has a 50-day simple moving average of $77.08 and a 200 day simple moving average of $77.39. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The company has a market cap of $15.86 billion, a PE ratio of 19.55, a P/E/G ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS) last announced its quarterly 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. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the firm earned $1.00 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Masco will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 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.