Masco (NYSE:MAS) Upgraded at TheStreet

TheStreet upgraded shares of Masco (NYSE:MAS) from a c+ rating to a b rating in a report released on Thursday, TheStreetRatingsTable reports.

Other research analysts also recently issued research reports about the company. KeyCorp increased their target price on Masco from $49.00 to $54.00 and gave the company an overweight rating in a report on Wednesday, June 17th. Loop Capital raised Masco from a hold rating to a buy rating and lowered their target price for the company from $49.00 to $41.00 in a report on Tuesday, April 7th. Zacks Investment Research raised Masco from a sell rating to a hold rating and set a $39.00 target price on the stock in a report on Wednesday, April 8th. Robert W. Baird increased their target price on Masco from $45.00 to $54.00 and gave the company an outperform rating in a report on Wednesday, June 17th. Finally, Deutsche Bank raised their price objective on Masco from $54.00 to $64.00 and gave the stock a buy rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $52.69.

Masco stock opened at $57.16 on Thursday. The company has a debt-to-equity ratio of 68.16, a current ratio of 1.50 and a quick ratio of 1.32. Masco has a one year low of $27.04 and a one year high of $57.85. The stock has a market capitalization of $15.04 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.49. The business’s fifty day moving average is $50.53 and its 200 day moving average is $44.69.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 30th. The construction company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. Masco had a negative return on equity of 1,729.19% and a net margin of 19.23%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. Masco’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Masco will post 2.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 9th. Masco’s dividend payout ratio (DPR) is presently 24.00%.

In related news, CAO John P. Lindow sold 5,674 shares of Masco stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $49.00, for a total transaction of $278,026.00. Following the sale, the chief accounting officer now owns 23,958 shares of the company’s stock, valued at approximately $1,173,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John P. Lindow sold 1,246 shares of Masco stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $50.00, for a total value of $62,300.00. Following the sale, the chief accounting officer now directly owns 22,712 shares in the company, valued at approximately $1,135,600. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAS. Massachusetts Financial Services Co. MA grew its holdings in Masco by 234.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,382,228 shares of the construction company’s stock valued at $566,334,000 after buying an additional 11,489,012 shares in the last quarter. Capital International Investors purchased a new position in Masco during the 1st quarter valued at approximately $58,967,000. Wells Fargo & Company MN grew its holdings in Masco by 46.8% during the 1st quarter. Wells Fargo & Company MN now owns 5,248,815 shares of the construction company’s stock valued at $181,451,000 after buying an additional 1,673,026 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Masco by 38.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,635,143 shares of the construction company’s stock valued at $91,098,000 after buying an additional 736,125 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in Masco by 14.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 4,088,098 shares of the construction company’s stock valued at $141,326,000 after buying an additional 531,567 shares in the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Analyst Recommendations for Masco (NYSE:MAS)

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