Masco (MAS) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Masco (NYSE: MAS):

• 11/7/2024 – Masco was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/5/2024 – Masco had its price target raised by analysts at JPMorgan Chase & Co. from $80.00 to $83.50. They now have a “neutral” rating on the stock.
• 10/30/2024 – Masco was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $80.00 price target on the stock, up previously from $79.00.
• 10/30/2024 – Masco had its price target raised by analysts at Barclays PLC from $92.00 to $93.00. They now have an “overweight” rating on the stock.
• 10/30/2024 – Masco had its price target lowered by analysts at Robert W. Baird from $95.00 to $94.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Masco had its price target raised by analysts at Evercore ISI from $78.00 to $82.00. They now have an “in-line” rating on the stock.
• 10/30/2024 – Masco was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/30/2024 – Masco had its price target raised by analysts at Loop Capital from $76.00 to $87.00. They now have a “hold” rating on the stock.
• 10/30/2024 – Masco had its price target raised by analysts at Truist Financial Co. from $84.00 to $92.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Masco had its price target raised by analysts at UBS Group AG from $89.00 to $94.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Masco had its price target raised by analysts at BMO Capital Markets from $78.00 to $85.00. They now have a “market perform” rating on the stock.
• 10/21/2024 – Masco had its price target raised by analysts at Robert W. Baird from $88.00 to $95.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Masco was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/9/2024 – Masco had its price target raised by analysts at Barclays PLC from $88.00 to $92.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Masco had its price target raised by analysts at Jefferies Financial Group Inc. from $89.00 to $96.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Masco was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/7/2024 – Masco had its price target raised by analysts at Wells Fargo & Company from $90.00 to $92.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Masco was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Masco Trading Up 0.3 %

Masco stock traded up $0.23 during mid-day trading on Wednesday, hitting $79.25. 1,389,058 shares of the stock were exchanged, compared to its average volume of 1,801,571. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.56 and a beta of 1.24. Masco Co. has a 12 month low of $57.18 and a 12 month high of $86.70. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm’s fifty day simple moving average is $81.78 and its two-hundred day simple moving average is $75.02.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. Masco’s payout ratio is currently 30.85%.

Insider Buying and Selling at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in shares of Masco in the 1st quarter worth $25,000. Innealta Capital LLC bought a new position in shares of Masco in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV increased its position in shares of Masco by 46.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Masco in the 3rd quarter worth about $38,000. Institutional investors own 93.91% of the company’s stock.

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.