Masco Co. (NYSE:MAS) Receives $73.63 Consensus Price Target from Analysts

Shares of Masco Co. (NYSE:MAS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Nine 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 12 month price target among brokers that have issued ratings on the stock in the last year is $73.63.

A number of equities analysts recently commented on MAS shares. UBS Group reissued a "buy" rating and set a $80.00 price target (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Loop Capital set a $62.00 price objective on Masco and gave the company a "hold" rating in a research note on Thursday, April 24th. Barclays set a $71.00 price objective on Masco and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price objective on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th.

Institutional Investors Weigh In On Masco

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its holdings in Masco by 17.3% during the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after purchasing an additional 133 shares during the period. Equitable Trust Co. increased its holdings in Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after purchasing an additional 136 shares during the period. Keybank National Association OH increased its holdings in Masco by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after purchasing an additional 151 shares during the period. Harvest Investment Advisors LLC increased its holdings in Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock worth $1,604,000 after purchasing an additional 165 shares during the period. Finally, VELA Investment Management LLC increased its holdings in Masco by 2.5% during the 4th quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock worth $574,000 after purchasing an additional 194 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Masco stock traded down $1.48 during midday trading on Friday, reaching $63.83. 1,578,052 shares of the stock traded hands, compared to its average volume of 1,810,367. The stock's fifty day moving average is $62.58 and its 200-day moving average is $70.92. Masco has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a market cap of $13.46 billion, a P/E ratio of 16.98, a PEG ratio of 1.94 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Masco's quarterly revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Masco will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

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.