Brokerages Set Masco Corp (MAS) Target Price at $37.92

Masco Corp (NYSE:MAS) has been given a consensus rating of “Buy” by the nineteen brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.20.

MAS has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Masco Corp from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a report on Wednesday, April 26th. Deutsche Bank AG lifted their price objective on shares of Masco Corp from $31.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective (up previously from $39.00) on shares of Masco Corp in a report on Wednesday, April 26th. Nomura initiated coverage on shares of Masco Corp in a report on Wednesday, April 12th. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Longbow Research upgraded shares of Masco Corp from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, April 6th.

Masco Corp (NYSE:MAS) opened at 37.01 on Tuesday. The stock’s 50 day moving average price is $34.99 and its 200-day moving average price is $33.15. Masco Corp has a 52 week low of $29.11 and a 52 week high of $37.58. The company has a market capitalization of $11.70 billion, a PE ratio of 23.42 and a beta of 1.51.

Masco Corp (NYSE:MAS) last released its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. Masco Corp had a net margin of 6.67% and a return on equity of 1,293.51%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, equities research analysts predict that Masco Corp will post $1.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Monday, April 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Wednesday, April 12th. Masco Corp’s payout ratio is 27.21%.

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In other news, Director J Michael Losh sold 2,084 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $34.54, for a total value of $71,981.36. Following the completion of the transaction, the director now owns 66,356 shares in the company, valued at approximately $2,291,936.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Christopher K. Kastner sold 5,463 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $33.80, for a total transaction of $184,649.40. Following the completion of the sale, the vice president now owns 35,524 shares of the company’s stock, valued at approximately $1,200,711.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,793 shares of company stock valued at $1,743,248. Company insiders own 1.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC increased its stake in Masco Corp by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock valued at $102,000 after buying an additional 559 shares during the period. Pathstone Family Office LLC acquired a new stake in Masco Corp during the first quarter valued at approximately $103,000. Itau Unibanco Holding S.A. acquired a new stake in Masco Corp during the third quarter valued at approximately $164,000. Edmond DE Rothschild Holding S.A. increased its stake in Masco Corp by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock valued at $174,000 after buying an additional 106 shares during the period. Finally, Global X Management Co. LLC increased its stake in Masco Corp by 92.8% in the third quarter. Global X Management Co. LLC now owns 5,138 shares of the construction company’s stock valued at $176,000 after buying an additional 2,473 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Masco Corp Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

5 Day Chart for NYSE:MAS

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