Robert W. Baird set a $42.00 price target on Masco (NYSE:MAS) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the construction company’s stock.
A number of other analysts have also recently weighed in on MAS. Zacks Investment Research cut Masco from a hold rating to a sell rating in a research report on Tuesday. ValuEngine cut Masco from a hold rating to a sell rating in a research report on Monday, June 18th. Royal Bank of Canada assumed coverage on Masco in a research report on Wednesday, June 27th. They issued a sector perform rating for the company. Cfra reaffirmed a buy rating and issued a $46.00 price target on shares of Masco in a research report on Sunday, August 5th. Finally, Bank of America set a $40.00 price target on Masco and gave the stock a hold rating in a research report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $45.44.
Shares of NYSE:MAS traded up $0.44 on Tuesday, reaching $31.44. The company had a trading volume of 16,220 shares, compared to its average volume of 4,234,739. Masco has a twelve month low of $30.88 and a twelve month high of $46.44. The stock has a market capitalization of $9.83 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.86 and a beta of 1.39. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10.
Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Masco had a return on equity of 490.27% and a net margin of 7.41%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm earned $0.60 EPS. Masco’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts expect that Masco will post 2.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Friday, October 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, October 11th. This is a boost from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is currently 24.74%.
In related news, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the transaction, the insider now owns 48,740 shares of the company’s stock, valued at approximately $1,945,213.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total value of $3,773,047.55. Following the transaction, the chief financial officer now directly owns 237,578 shares of the company’s stock, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MAS. Acropolis Investment Management LLC bought a new position in Masco during the third quarter valued at about $146,000. Kovack Advisors Inc. bought a new position in Masco during the third quarter valued at about $200,000. Capital Investment Advisors LLC bought a new position in Masco during the second quarter valued at about $202,000. Atria Investments LLC bought a new position in Masco during the third quarter valued at about $207,000. Finally, Point72 Hong Kong Ltd increased its stake in Masco by 8,377.3% during the second quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock valued at $209,000 after acquiring an additional 5,529 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
Read More: Do Tariffs Work?
Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.