Masco Co. (NYSE:MAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Masco Co. (NYSE:MAS) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $81.75.

A number of research analysts have weighed in on MAS shares. Jefferies Financial Group raised their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Citigroup decreased their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird lifted their price target on Masco from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Insider Buying and Selling at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Masco

Several institutional investors have recently bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new position in shares of Masco during the first quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of Masco during the second quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter worth about $30,000. Larson Financial Group LLC grew its position 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 worth $40,000 after buying an additional 500 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Masco during the first quarter worth about $44,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Down 2.0 %

Shares of NYSE:MAS opened at $81.26 on Friday. Masco has a 1 year low of $49.24 and a 1 year high of $86.70. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.78 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 business’s 50 day moving average price is $81.33 and its 200-day moving average price is $74.31.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. On average, equities research analysts forecast that Masco will post 4.1 earnings per share for the current fiscal year.

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.