Masco Co. (NYSE:MAS) Received a Consensus Rating of “Hold” by Brokerages

Masco Co. (NYSE:MAS – Get Rating) received a consensus rating of “Hold” from the sixteen analysts who currently cover the company, Marketbeat Ratings reports. Two investment analysts gave the stock a sell rating, three gave the company a hold rating and six gave the company a buy rating. The 1-year average target price among brokers who have hedged the stock over the past year is $63.93.

A number of equity research analysts have recently commented on MAS’ shares. Barclays lowered its price target on Masco from $68.00 to $66.00 and set an “overweight” rating for the company in a Thursday July 14 research note. JPMorgan Chase & Co. cut its price target on Masco from $58.00 to $54.00 in a Friday, July 15 research note. UBS Group reduced its price target on Masco from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, July 29. Wells Fargo & Company raised its price target on Masco from $60.00 to $62.00 and gave the stock an “overweight” rating in a Monday, Aug. 1 research note. Finally, upgraded Masco from a “buy” rating to a “hold” rating in a Friday, Aug. 5 research note.

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In related news, CEO Keith J. Allman sold 10,000 shares of the company in a trade dated Thursday, July 14. The stock was sold at an average price of $52.02, for a total transaction of $520,200.00. Following the sale, the CEO now owns 288,295 shares of the company, valued at $14,997,105.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. 1.20% of the shares are currently held by insiders.

Masco Institutional Trading

Several institutional investors and hedge funds have been buying and selling stocks recently. Confluence Wealth Services Inc. acquired a new position in Masco stock in the fourth quarter worth approximately $31,000. Clear Street Markets LLC increased its position in Masco shares by 401.0% in the second quarter. Clear Street Markets LLC now owns 491 shares of the construction company valued at $25,000 after buying 393 additional shares in the last quarter. Prospera Financial Services Inc acquired a new position in Masco stock in the first quarter worth approximately $25,000. Charter Oak Capital Management LLC acquired a new position in shares of Masco in the second quarter worth approximately $28,000. Finally, Arlington Partners LLC increased its position in Masco shares by 752.6% in the second quarter. Arlington Partners LLC now owns 810 shares of the construction company valued at $41,000 after purchasing an additional 715 shares in the last quarter. Institutional investors hold 92.59% of the company’s shares.

Masco trades up 2.1%

Shares of MAS opened at $52.28 on Monday. The stock has a fifty-day moving average price of $53.19 and a two-hundred-day moving average price of $53.27. The company has a debt ratio of 52.66, a quick ratio of 0.81 and a current ratio of 1.36. Masco has a 52-week low of $46.27 and a 52-week high of $71.06. The company has a market capitalization of $11.79 billion, a price/earnings ratio of 14.52, a PEG ratio of 1.08 and a beta of 1.23.

Masco (NYSE:MAS – Get Rating) last released its quarterly earnings data on Thursday, July 28. The construction company reported earnings per share (EPS) of $1.14 for the quarter, missing the consensus estimate of $1.19 per ($0.05). Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The company posted revenue of $2.35 billion in the quarter, versus a consensus estimate of $2.36 billion. In the same quarter a year earlier, the company posted EPS of $1.14. The company’s revenue for the quarter increased by 7.9% compared to the same quarter last year. Analysts predict Masco will post an EPS of 4.17 for the current fiscal year.

Masco announces dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 29. Investors of record on Friday August 12 received a dividend of $0.28 per share. The ex-dividend date was Thursday, August 11. This represents an annualized dividend of $1.12 and a yield of 2.14%. Masco’s payout ratio is currently 31.11%.

About Masco

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Masco Corporation designs, manufactures and distributes renovation and construction products in North America, Europe and internationally. The Company’s Plumbing Products segment offers faucets, shower heads, hand showers, valves, bath hardware and accessories, bath units, shower bases and enclosures, sinks, toilets, acrylic bathtubs, shower trays, spas, exercise pools and fitness systems; brass, copper and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialty fabrications and PEX piping products; and other non-decorative plumbing products.

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Analyst Recommendations for Masco (NYSE: MAS)

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