Masco (NYSE:MAS) Upgraded by StockNews.com to “Buy” Rating

by · The Markets Daily

Masco (NYSE:MAS – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also commented on MAS. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Citigroup reduced their price target on 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 boosted their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird dropped their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.96.

Check Out Our Latest Report on MAS

Masco Trading Up 0.0 %

Shares of MAS stock traded up $0.03 on Thursday, reaching $80.24. 1,443,824 shares of the company’s stock were exchanged, compared to its average volume of 1,806,748. Masco has a 52 week low of $55.09 and a 52 week high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of $17.31 billion, a PE ratio of 21.34, a P/E/G ratio of 2.62 and a beta of 1.24. The company’s fifty day simple moving average is $81.68 and its 200 day simple moving average is $74.73.

Masco (NYSE:MAS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. As a group, analysts forecast that Masco will post 4.1 EPS for the current year.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Masco by 14.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after purchasing an additional 67,806 shares during the period. Quantbot Technologies LP acquired a new position in Masco in the 1st quarter worth about $1,903,000. Manning & Napier Advisors LLC acquired a new position in shares of Masco during the second quarter valued at approximately $82,363,000. Vanguard Group Inc. raised its holdings in shares of Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after acquiring an additional 721,117 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Masco by 119.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after acquiring an additional 157,711 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Company Profile

(Get Free Report)

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.

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