Brokerages Set Masco Co. (NYSE:MAS) Price Target at $72.15

Shares of Masco Co. (NYSE:MAS) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.15.

MAS has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Evercore ISI dropped their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Loop Capital dropped their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada lifted their price target on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Masco Price Performance

Masco stock opened at $66.40 on Friday. Masco has a 12-month low of $47.66 and a 12-month high of $78.94. The stock has a market cap of $14.62 billion, a P/E ratio of 16.27, a PEG ratio of 1.72 and a beta of 1.27. The company has a 50-day moving average price of $69.23 and a 200 day moving average price of $70.83. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $0.87 earnings per share. Masco’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Masco will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. Masco’s dividend payout ratio is currently 28.43%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of Masco by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after buying an additional 178 shares during the last quarter. Paralel Advisors LLC lifted its position in shares of Masco by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 38,464 shares of the construction company’s stock worth $2,056,000 after buying an additional 436 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Masco by 29.4% during the 3rd quarter. Hsbc Holdings PLC now owns 405,864 shares of the construction company’s stock worth $21,709,000 after buying an additional 92,178 shares during the last quarter. LPL Financial LLC lifted its position in shares of Masco by 26.6% during the 3rd quarter. LPL Financial LLC now owns 196,339 shares of the construction company’s stock worth $10,494,000 after buying an additional 41,270 shares during the last quarter. Finally, Mariner LLC lifted its position in shares of Masco by 0.4% during the 3rd quarter. Mariner LLC now owns 67,795 shares of the construction company’s stock worth $3,624,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.