Masco (MAS) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Masco (NYSE:MAS) from a sell rating to a strong sell rating in a report published on Thursday morning.

Other equities analysts also recently issued reports about the company. Citigroup raised their price target on Masco from $44.00 to $45.00 and gave the company a buy rating in a report on Monday, July 23rd. Cfra restated a buy rating and set a $46.00 price target on shares of Masco in a report on Sunday, August 5th. Evercore ISI upgraded Masco from an in-line rating to an outperform rating in a report on Monday, October 1st. Robert W. Baird set a $42.00 price target on Masco and gave the company a buy rating in a report on Tuesday. Finally, Zacks Investment Research upgraded Masco from a sell rating to a hold rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. Masco currently has a consensus rating of Buy and an average target price of $45.44.

Shares of NYSE:MAS traded up $0.03 on Thursday, hitting $31.03. 170,523 shares of the company traded hands, compared to its average volume of 4,234,739. Masco has a 52 week low of $30.88 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10. The company has a market capitalization of $9.83 billion, a PE ratio of 16.18, a PEG ratio of 0.86 and a beta of 1.39.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Masco had a net margin of 7.41% and a return on equity of 490.27%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Masco’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Masco will post 2.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Friday, October 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.55%. This is an increase from Masco’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 11th. Masco’s dividend payout ratio (DPR) is presently 24.74%.

In related news, CFO John G. Sznewajs sold 96,869 shares of Masco stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the sale, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph B. Gross sold 1,286 shares of Masco stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the completion of the sale, the insider now owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in MAS. Dimensional Fund Advisors LP boosted its position in Masco by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 921,938 shares of the construction company’s stock worth $37,283,000 after purchasing an additional 6,809 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Masco by 27.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 43,910 shares of the construction company’s stock valued at $1,775,000 after buying an additional 9,397 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Masco by 150.4% during the 1st quarter. Allianz Asset Management GmbH now owns 168,551 shares of the construction company’s stock valued at $6,816,000 after buying an additional 101,225 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Masco by 17.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 365,778 shares of the construction company’s stock valued at $14,792,000 after buying an additional 54,675 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Masco by 3.7% during the 1st quarter. LPL Financial LLC now owns 74,521 shares of the construction company’s stock valued at $3,014,000 after buying an additional 2,691 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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