Masco (NYSE:MAS) Stock Rating Lowered by StockNews.com

Masco (NYSE:MAS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

MAS has been the subject of a number of other research reports. Loop Capital decreased their price objective on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Oppenheimer started coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating for the company. Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada raised their target price on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their price target on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.15.

Masco Price Performance

Masco stock opened at $69.56 on Friday. Masco has a 52 week low of $47.66 and a 52 week high of $78.94. The company’s 50 day moving average price is $74.68 and its two-hundred day moving average price is $67.47. The stock has a market cap of $15.32 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.81 and a beta of 1.28. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76.

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

Insider Activity

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares in the company, valued at $806,328.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now owns 58,885 shares in the company, valued at approximately $4,395,765.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,762 shares of company stock valued at $6,337,597. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its position in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares during the period. Ballentine Partners LLC lifted its holdings in Masco by 2.5% in the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after buying an additional 137 shares during the period. Janney Montgomery Scott LLC boosted its position in Masco by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock valued at $623,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Masco by 70.1% during the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after acquiring an additional 178 shares during the period. Finally, Wedmont Private Capital raised its position in shares of Masco by 4.4% in the 1st quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock worth $326,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

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.