Masco Co. (NYSE:MAS) Receives $72.15 Average Price Target from Brokerages

Shares of Masco Co. (NYSE:MAS) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $72.15.

MAS has been the subject of several recent analyst reports. Truist Financial lifted their price target on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Evercore ISI cut their target price on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Oppenheimer assumed coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating for the company. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup upped their target price on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th.

Masco Trading Up 1.0 %

NYSE MAS opened at $70.23 on Friday. The stock has a market cap of $15.47 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. Masco has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The stock has a 50 day simple moving average of $74.68 and a two-hundred day simple moving average of $67.69. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $0.87 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts forecast that Masco will post 4.11 earnings per share for the current year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at approximately $4,395,765.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 42,552 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock worth $6,337,597 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently bought and sold shares of MAS. Jackson Creek Investment Advisors LLC purchased a new position in Masco in the 4th quarter worth approximately $627,000. Nisa Investment Advisors LLC increased its holdings in Masco by 35.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after acquiring an additional 15,591 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Masco by 8.6% in the 4th quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock worth $15,372,000 after purchasing an additional 18,140 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Masco by 264.5% during the fourth quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 13,221 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Masco by 6.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after purchasing an additional 21,165 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

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.