Masco (NYSE:MAS) Downgraded by StockNews.com

Masco (NYSE:MAS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

MAS has been the subject of a number of other reports. Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Oppenheimer began coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Citigroup boosted their price objective on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Evercore ISI lowered their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. Finally, Loop Capital cut their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.15.

Masco Trading Up 0.8 %

NYSE MAS opened at $69.56 on Friday. Masco has a one year low of $47.66 and a one year high of $78.94. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company’s 50-day simple moving average is $74.68 and its two-hundred day simple moving average is $67.47.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. Equities analysts forecast that Masco will post 4.11 EPS for the current fiscal year.

Insider Activity

In other Masco news, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,762 shares of company stock valued at $6,337,597. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

A number of hedge funds and other institutional investors have recently made changes to their positions in MAS. Versant Capital Management Inc grew its position in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Venturi Wealth Management LLC raised its position in Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after acquiring an additional 178 shares during the period. Fortitude Family Office LLC purchased a new position in Masco during the fourth quarter valued at $39,000. Union Savings Bank grew its position in shares of Masco by 91.7% in the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after purchasing an additional 275 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.