Masco Corporation (NYSE:MAS) Receives $74.03 Average Price Target from Analysts

Masco Corporation (NYSE:MAS) has been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $74.03.

A number of research analysts have weighed in on MAS shares. The Goldman Sachs Group cut their price objective on shares of Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Barclays upped their price target on shares of Masco from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada cut their price target on shares of Masco from $74.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial cut their price target on shares of Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, April 24th.

Institutional Trading of Masco

Institutional investors have recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco in the 1st quarter valued at about $29,000. Costello Asset Management INC bought a new stake in shares of Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco in the 1st quarter valued at about $33,000. Finally, Steph & Co. bought a new stake in shares of Masco in the 2nd quarter valued at about $39,000. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Down 1.0%

MAS stock opened at $65.98 on Monday. Masco has a twelve month low of $56.55 and a twelve month high of $86.70. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.72 and a beta of 1.19. The firm’s fifty day simple moving average is $64.39 and its two-hundred day simple moving average is $68.18.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 23rd. Masco’s payout ratio is 33.88%.

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.