Masco (NYSE:MAS) Stock Rating Upgraded by Oppenheimer

Masco (NYSE:MAS) was upgraded by equities research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Friday, Marketbeat.com reports. The firm presently has a $89.00 price objective on the construction company’s stock. Oppenheimer’s price target would suggest a potential upside of 23.46% from the stock’s current price.

MAS has been the subject of several other reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 price objective (down from $92.00) on shares of Masco in a report on Tuesday, December 17th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and decreased their price target for the stock from $96.00 to $89.00 in a research note on Monday, December 16th. Robert W. Baird dropped their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Citigroup decreased their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial raised their price target on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.96.

Masco Trading Down 0.5 %

NYSE MAS opened at $72.09 on Friday. Masco has a 12 month low of $63.81 and a 12 month high of $86.70. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm’s fifty day moving average price is $77.23 and its 200 day moving average price is $77.26.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the company posted $1.00 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Masco will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after purchasing an additional 194,297 shares during the period. Massachusetts Financial Services Co. MA grew its position in Masco by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after buying an additional 181,515 shares during the period. Nordea Investment Management AB increased its holdings in Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock valued at $218,063,000 after buying an additional 520,555 shares in the last quarter. Van ECK Associates Corp increased its holdings in Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Masco by 15.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock valued at $117,265,000 after acquiring an additional 238,512 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.