DA Davidson Upgrades Masco (NYSE:MAS) to “Hold”

Masco (NYSE:MAS) was upgraded by DA Davidson to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

MAS has been the subject of several other reports. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. UBS Group lowered their price objective on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a research report on Monday, August 3rd. Wells Fargo & Company increased their target price on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Evercore cut Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target for the company. in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.88.

Masco Price Performance

Masco stock opened at $73.08 on Monday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The business has a 50 day simple moving average of $76.74 and a 200-day simple moving average of $71.08. Masco has a 12 month low of $58.16 and a 12 month high of $83.64. The stock has a market capitalization of $14.41 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. Masco’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts predict that Masco will post 4.52 earnings per share for the current year.

Masco announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MAS. California State Teachers Retirement System grew its holdings in shares of Masco by 6,291.8% in the 2nd quarter. California State Teachers Retirement System now owns 28,615,795 shares of the construction company’s stock worth $2,328,467,000 after acquiring an additional 28,168,099 shares during the period. BlackRock Inc. acquired a new position in Masco during the second quarter worth $1,278,943,000. State Street Corp boosted its position in Masco by 0.6% during the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock worth $649,545,000 after purchasing an additional 60,430 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after purchasing an additional 977,684 shares during the last quarter. Finally, Boston Partners grew its holdings in Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after purchasing an additional 58,609 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.