Masco Corporation (NYSE:MAS) Stock Has Average Target Price of $81.82

Key Points

• Analysts have a consensus “Hold” rating on Masco, based on 19 research firms: 11 holds, seven buys and one sell. Their average 12-month price target is $81.82.
• Masco beat quarterly earnings and revenue estimates, reporting EPS of $1.19 versus $1.02 expected and revenue of $1.97 billion versus $1.93 billion. Revenue increased 2.6% year over year.
• The company announced a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a 1.5% yield.

Shares of Masco Corporation (NYSE:MAS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nineteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $81.82.

MAS has been the topic of a number of recent research reports. Oppenheimer restated an "outperform" rating and set a $90.00 price objective (up from $88.00) on shares of Masco in a research note on Wednesday, October 28th. Melius Research began coverage on Masco in a report on Tuesday, October 6th. They set a "hold" rating and a $75.00 target price on the stock. Wells Fargo & Company raised their price target on Masco from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Royal Bank Of Canada boosted their price target on Masco from $69.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, October 29th. Finally, Robert W. Baird increased their price objective on shares of Masco from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, October 29th.

Masco Stock Performance

Shares of MAS traded up $0.24 during midday trading on Friday, reaching $84.72. 1,536,600 shares of the stock were exchanged, compared to its average volume of 2,450,130. The stock's 50 day simple moving average is $73.65 and its 200 day simple moving average is $71.62. The company has a market cap of $16.33 billion, a P/E ratio of 18.34, a PEG ratio of 1.87 and a beta of 1.21. Masco has a twelve month low of $58.16 and a twelve month high of $87.86. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm earned $0.97 earnings per share. Masco's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Masco will post 4.72 earnings per share for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 6th. This represents a $1.28 annualized dividend and a yield of 1.5%. Masco's dividend payout ratio is presently 27.71%.

Insider Buying and Selling at Masco

In other news, VP Kenneth Cole sold 34,470 shares of the business's stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.64, for a total transaction of $2,779,660.80. Following the completion of the transaction, the vice president owned 39,700 shares of the company's stock, valued at approximately $3,201,408. The trade was a 46.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On Masco

A number of hedge funds have recently made changes to their positions in the stock. Latitude Advisors LLC bought a new stake in Masco during the 3rd quarter worth $30,000. Bell Investment Advisors Inc bought a new position in Masco in the second quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Masco during the third quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new stake in Masco during the 2nd quarter worth approximately $49,000. Finally, Trust Co. of Vermont acquired a new position in Masco in the 2nd quarter valued at approximately $53,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation is a manufacturer of home improvement and building products, serving residential construction, repair and remodeling markets. Its products are sold primarily in North America and Europe, as well as in other markets around the world. The company's Plumbing Products include faucets, showering and bathing products, and related fixtures and accessories. Its brands include Delta Faucet, Brizo, Peerless and hansgrohe. Masco also makes decorative architectural products, including paints and coatings sold under the BEHR and KILZ brands.

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