Masco (NYSE:MAS) Price Target Cut to $61.00 by Analysts at Bank of America

Masco (NYSE:MAS) had its price objective lowered by equities research analysts at Bank of America from $69.00 to $61.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underperform” rating on the construction company’s stock. Bank of America‘s price target points to a potential downside of 8.40% from the company’s previous close.

Other analysts have also issued reports about the company. Weiss Ratings lowered Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Oppenheimer reissued an “outperform” rating and set a $88.00 price target on shares of Masco in a research note on Wednesday, February 11th. Robert W. Baird set a $82.00 price objective on Masco in a research note on Wednesday, February 11th. Citigroup lifted their price objective on Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada lifted their price objective on Masco from $67.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.00.

Masco Stock Performance

Shares of MAS stock opened at $66.59 on Monday. The business’s 50-day moving average price is $66.03 and its 200-day moving average price is $65.88. Masco has a 12 month low of $56.55 and a 12 month high of $79.19. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.89 and a beta of 1.29. The company has a current ratio of 1.81, a quick ratio of 1.14 and a debt-to-equity ratio of 38.75.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts forecast that Masco will post 4.34 EPS for the current year.

Masco declared that its board has approved a share buyback program on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Masco

In other Masco news, CAO Heath M. Eisman sold 747 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total value of $53,724.24. Following the transaction, the chief accounting officer directly owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Masco

Institutional investors have recently added to or reduced their stakes in the business. Rossby Financial LCC lifted its stake in Masco by 134.2% in the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after buying an additional 212 shares during the period. Sunbelt Securities Inc. acquired a new position in Masco in the third quarter valued at approximately $26,000. Bard Associates Inc. acquired a new position in Masco in the fourth quarter valued at approximately $25,000. Bogart Wealth LLC lifted its stake in Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after buying an additional 408 shares during the period. Finally, Community Bank N.A. acquired a new position in Masco in the third quarter valued at approximately $34,000. 93.91% of the stock is owned by institutional investors and hedge funds.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.