Masco (NYSE:MAS) Upgraded at DA Davidson

Key Points

• DA Davidson upgraded Masco to “hold”, while the broader analyst consensus remains “hold” with an average price target of $79.88.
• Masco’s latest quarter beat earnings expectations, reporting $1.64 EPS versus $1.32 forecast, although revenue fell 2.9% year over year to $1.99 billion.
• The company authorized a $300 million share-repurchase program, allowing it to buy back up to 2.1% of outstanding shares; institutional investors own 93.91% of the stock.

Masco (NYSE:MAS - Get Free Report) was upgraded by research analysts at DA Davidson to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. UBS Group decreased their price objective on Masco from $97.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company upped their target price on Masco from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Evercore lowered shares of Masco from an "outperform" rating to an "in-line" rating and set a $78.00 price target for the company. in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Finally, Barclays lowered their price objective on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $79.88.

Masco Trading Down 0.2%

Masco stock opened at $73.08 on Monday. The company has a 50 day moving average price of $76.74 and a 200 day moving average price of $71.08. Masco has a 52 week low of $58.16 and a 52 week high of $83.64. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.85 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter last year, the firm posted $1.30 earnings per share. Masco's revenue was down 2.9% compared to the same quarter last year. 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 announced that its Board of Directors has approved a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Masco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new position in shares of Masco during the 3rd quarter worth $26,000. Bard Associates Inc. bought a new stake in Masco in the fourth quarter worth $25,000. Bell Investment Advisors Inc bought a new stake in Masco in the second quarter worth $32,000. Bogart Wealth LLC increased its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company's stock worth $27,000 after buying an additional 408 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company's stock worth $35,000 after buying an additional 293 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Company Profile

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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