Analysts Set Masco Corporation (NYSE:MAS) PT at $73.07

Masco Corporation (NYSE:MAS) has received an average rating of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $73.5333.

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Baird R W downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Evercore ISI dropped their target price on shares of Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Finally, Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th.

Insider Transactions at Masco

In related news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Masco

A number of hedge funds have recently bought and sold shares of MAS. Gateway Investment Advisers LLC grew its holdings in Masco by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock valued at $3,114,000 after purchasing an additional 143 shares during the period. HB Wealth Management LLC raised its stake in shares of Masco by 2.9% in the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock worth $355,000 after buying an additional 157 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Masco by 1.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock valued at $854,000 after buying an additional 162 shares in the last quarter. Harvest Investment Advisors LLC grew its stake in shares of Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock valued at $1,604,000 after acquiring an additional 165 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in Masco by 3.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock worth $372,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 0.3%

NYSE MAS opened at $61.89 on Wednesday. The stock has a 50-day moving average of $69.56 and a 200-day moving average of $67.15. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. Masco has a 1-year low of $56.55 and a 1-year high of $83.06. The firm has a market cap of $12.85 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, sell-side analysts forecast that Masco will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s payout ratio is 31.79%.

About Masco

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.