Masco (MAS) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Masco (NYSE:MAS) in a report released on Wednesday. Jefferies Financial Group currently has a $48.00 target price on the construction company’s stock. Jefferies Financial Group also issued estimates for Masco’s FY2018 earnings at $2.42 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.72 EPS and FY2019 earnings at $2.78 EPS.

Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group initiated coverage on shares of Masco in a research report on Tuesday, October 2nd. They set a buy rating and a $49.00 price objective for the company. Cfra reaffirmed a buy rating and set a $46.00 price objective on shares of Masco in a research report on Sunday, August 5th. Citigroup increased their price objective on shares of Masco from $44.00 to $45.00 and gave the stock a buy rating in a research report on Monday, July 23rd. B. Riley increased their price objective on shares of Masco from $46.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, August 1st. Finally, Wells Fargo & Co reaffirmed a buy rating on shares of Masco in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Masco presently has a consensus rating of Buy and a consensus price target of $42.95.

NYSE:MAS opened at $31.32 on Wednesday. The company has a debt-to-equity ratio of 14.35, a current ratio of 1.71 and a quick ratio of 1.10. The company has a market cap of $9.57 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.92 and a beta of 1.56. Masco has a fifty-two week low of $27.15 and a fifty-two week high of $46.44.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Masco had a return on equity of 409.25% and a net margin of 7.65%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. As a group, equities analysts forecast that Masco will post 2.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Friday, October 12th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, October 11th. This is a boost from Masco’s previous quarterly dividend of $0.11. Masco’s dividend payout ratio (DPR) is currently 24.74%.

In other news, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the sale, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total transaction of $51,324.26. Following the completion of the sale, the insider now owns 48,740 shares in the company, valued at $1,945,213.40. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acropolis Investment Management LLC acquired a new stake in shares of Masco in the 3rd quarter valued at $146,000. NuWave Investment Management LLC raised its holdings in shares of Masco by 3,600.9% in the 3rd quarter. NuWave Investment Management LLC now owns 4,182 shares of the construction company’s stock valued at $153,000 after purchasing an additional 4,069 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Masco in the 3rd quarter valued at $200,000. Capital Investment Advisors LLC acquired a new stake in shares of Masco in the 2nd quarter valued at $202,000. Finally, Atria Investments LLC acquired a new stake in shares of Masco in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 89.70% 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.

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Analyst Recommendations for Masco (NYSE:MAS)

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