Masco (NYSE:MAS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Masco Corporation (NYSE:MAS)’s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $71.52 and traded as high as $74.57. Masco shares last traded at $72.8470, with a volume of 2,207,441 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAS shares. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays dropped their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada cut their price objective on Masco from $72.00 to $69.00 and set a “sector perform” rating for the company in a report on Wednesday, October 7th. Wells Fargo & Company decreased their price objective on shares of Masco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Finally, Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $79.12.

Masco Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The company’s fifty day moving average is $70.83 and its 200 day moving average is $71.52. The company has a market cap of $14.36 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company earned $1.30 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.32 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Masco’s payout ratio is currently 29.43%.

Institutional Investors Weigh In On Masco

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWS Financial Advisors LLC raised its stake in shares of Masco by 12.2% during the third quarter. CWS Financial Advisors LLC now owns 5,482 shares of the construction company’s stock valued at $370,000 after acquiring an additional 598 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Masco by 21.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 112,336 shares of the construction company’s stock valued at $7,571,000 after purchasing an additional 20,099 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new position in Masco during the 3rd quarter valued at about $36,000. V Square Quantitative Management LLC increased its holdings in Masco by 19.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,155 shares of the construction company’s stock valued at $482,000 after purchasing an additional 1,155 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Masco by 354.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 359,590 shares of the construction company’s stock valued at $24,236,000 after purchasing an additional 280,548 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.