Masco Corporation (NYSE:MAS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Masco Corporation (NYSE:MAS) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $73.63.

A number of equities analysts recently commented on MAS shares. Royal Bank Of Canada decreased their target price on Masco from $74.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Truist Financial decreased their price target on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group decreased their price target on Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI dropped their target price on Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a research report on Thursday, April 24th.

Hedge Funds Weigh In On Masco

Hedge funds have recently made changes to their positions in the company. Global X Japan Co. Ltd. increased its position 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 acquiring an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Masco in the 1st quarter valued at $29,000. Costello Asset Management INC acquired a new position in shares of Masco in the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco in the 1st quarter valued at $33,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Masco in the 4th quarter valued at $42,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of Masco stock opened at $67.28 on Thursday. Masco has a one year low of $56.55 and a one year high of $86.70. The stock’s fifty day moving average is $63.19 and its 200 day moving average is $69.15. The stock has a market cap of $14.19 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.55 and a beta of 1.19.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Masco’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts predict that Masco will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, May 23rd. Masco’s payout ratio is 33.88%.

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.