Masco Corporation (NYSE:MAS) Given Consensus Rating of “Hold” by Brokerages

Masco Corporation (NYSE:MAS) has earned a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $73.5333.

MAS has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Vertical Research initiated coverage on Masco in a research note on Monday, October 20th. They set a “hold” rating for the company. Wells Fargo & Company lowered their target price on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th.

Masco Stock Down 0.3%

Masco stock opened at $61.89 on Wednesday. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.69 and a beta of 1.17. Masco has a 52-week low of $56.55 and a 52-week high of $83.06. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. The firm has a 50 day moving average price of $69.56 and a two-hundred day moving average price of $67.25.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities analysts predict that Masco will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s payout ratio is 31.79%.

Insider Activity

In other news, insider Jai Shah sold 82,910 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Masco

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after purchasing an additional 270 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Masco by 30.4% during the first quarter. D.A. Davidson & CO. now owns 12,183 shares of the construction company’s stock worth $847,000 after acquiring an additional 2,838 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Masco by 7.9% during the first quarter. OneDigital Investment Advisors LLC now owns 3,557 shares of the construction company’s stock worth $247,000 after acquiring an additional 260 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Masco by 6.8% in the 1st quarter. IFM Investors Pty Ltd now owns 48,426 shares of the construction company’s stock worth $3,368,000 after acquiring an additional 3,082 shares during the last quarter. Finally, World Investment Advisors lifted its position in Masco by 7.2% in the 1st quarter. World Investment Advisors now owns 5,434 shares of the construction company’s stock valued at $378,000 after acquiring an additional 366 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

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.