Brokerages Set Masco Corporation (NYSE:MAS) Target Price at $79.88

Masco Corporation (NYSE:MASGet Free Report) has been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $79.8750.

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Barclays reduced their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Truist Financial lowered their price objective on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a report on Monday, August 3rd.

Check Out Our Latest Report on MAS

Masco Trading Up 0.6%

Shares of Masco stock opened at $71.39 on Tuesday. The business has a fifty day simple moving average of $76.31 and a two-hundred day simple moving average of $70.94. Masco has a 1 year low of $58.16 and a 1 year high of $83.64. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts forecast that Masco will post 4.52 EPS for the current year.

Masco declared that its board has approved a share repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Institutional Trading of Masco

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in shares of Masco by 6,291.8% in the second quarter. California State Teachers Retirement System now owns 28,615,795 shares of the construction company’s stock valued at $2,328,467,000 after buying an additional 28,168,099 shares during the period. BlackRock Inc. bought a new position in shares of Masco in the second quarter worth $1,278,943,000. Norges Bank acquired a new position in Masco in the fourth quarter valued at about $194,818,000. Wellington Management Group LLP acquired a new position in Masco in the third quarter valued at about $192,948,000. Finally, Bank of America Corp DE bought a new stake in Masco during the second quarter worth about $178,424,000. Institutional investors own 93.91% of the company’s stock.

About Masco

(Get Free Report)

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.

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Analyst Recommendations for Masco (NYSE:MAS)

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