Masco (NYSE:MAS) Hits New 1-Year High at $83.61

Masco Co. (NYSE:MAS)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $83.61 and last traded at $83.40, with a volume of 259311 shares. The stock had previously closed at $82.31.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Citigroup cut their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Barclays raised their target price on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Truist Financial upped their price target on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.58.

Masco Stock Up 0.5 %

The stock has a market capitalization of $18.41 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The firm has a 50-day simple moving average of $77.73 and a 200 day simple moving average of $73.33.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.10 billion. During the same period in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.39%. Masco’s payout ratio is 28.43%.

Insider Buying and Selling

In other Masco 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 sale, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the 1st quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares during the period. Innealta Capital LLC bought a new stake in Masco in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter valued at about $30,000. Finally, Larson Financial Group LLC raised its holdings in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds 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.