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

StockNews.com upgraded shares of Masco (NYSE:MAS) from a hold rating to a buy rating in a report issued on Monday.

MAS has been the subject of several other reports. Barclays upped their price target on Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Citigroup dropped their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Truist Financial lifted their target price on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.75.

Masco Price Performance

MAS opened at $82.88 on Monday. Masco has a 1 year low of $47.66 and a 1 year high of $86.70. The company’s 50 day simple moving average is $81.22 and its 200 day simple moving average is $74.28. The stock has a market capitalization of $18.25 billion, a PE ratio of 20.31, a P/E/G ratio of 2.64 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS. As a group, sell-side analysts expect that Masco will post 4.11 EPS for the current year.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MAS. Ballentine Partners LLC raised its stake in shares of Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock valued at $435,000 after purchasing an additional 137 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after buying an additional 142 shares during the last quarter. American National Bank & Trust grew its position in shares of Masco by 1.0% in the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 142 shares in the last quarter. BOKF NA increased its holdings in shares of Masco by 2.5% in the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after acquiring an additional 149 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in shares of Masco by 2.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 5,509 shares of the construction company’s stock valued at $462,000 after acquiring an additional 153 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

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.