Analysts Set Masco Co. (NYSE:MAS) Price Target at $77.58

Masco Co. (NYSE:MAS) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $77.58.

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Jefferies Financial Group lifted their price target on shares of Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.

Masco Stock Down 0.0 %

MAS stock opened at $77.22 on Friday. The firm has a market cap of $17.01 billion, a PE ratio of 18.93, a P/E/G ratio of 2.50 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The firm’s fifty day moving average is $73.90 and its 200 day moving average is $72.78. Masco has a one year low of $47.66 and a one year high of $81.91.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts forecast that Masco will post 4.11 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Institutional Investors Weigh In On Masco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Masco in the fourth quarter valued at approximately $122,144,000. Intech Investment Management LLC bought a new stake in shares of Masco in the fourth quarter valued at approximately $975,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after acquiring an additional 67,806 shares during the period. Quantbot Technologies LP bought a new position in Masco in the first quarter worth $1,903,000. Finally, Manning & Napier Advisors LLC bought a new position in Masco in the second quarter worth $82,363,000. 93.91% of the stock is currently owned by institutional investors.

Masco Company Profile

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.