Masco’s (MAS) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of Masco (NYSE:MAS) in a report released on Tuesday morning, MarketBeat.com reports. They currently have a $85.00 target price on the construction company’s stock, down from their prior target price of $92.00.

Several other research analysts have also recently issued reports on MAS. Barclays raised their target price on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. UBS Group upped their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.88.

Masco Price Performance

Shares of NYSE:MAS opened at $72.69 on Tuesday. The company’s fifty day moving average is $80.41 and its 200 day moving average is $76.66. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco has a 52 week low of $63.60 and a 52 week high of $86.70. The stock has a market cap of $15.68 billion, a PE ratio of 19.33, a PEG ratio of 2.57 and a beta of 1.23.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. Research analysts anticipate that Masco will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Institutional Trading of Masco

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in Masco by 1.9% during the 3rd quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock valued at $864,103,000 after acquiring an additional 194,297 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Masco by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after purchasing an additional 181,515 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Masco by 0.9% during the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after purchasing an additional 26,259 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after purchasing an additional 259,205 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after buying an additional 728,690 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.