Masco Corporation (NYSE:MAS) Given Average Rating of "Hold" by Brokerages

Key Points

• Masco Corporation has received a consensus recommendation of "Hold" from 19 brokerages, with an average price target of $74.60 for the stock.
• Insider transactions indicate significant selling, with the CAO selling over 2,400 shares, and another insider selling 82,910 shares recently, impacting their ownership by 67.66%.
• The company reported $1.30 earnings per share for the last quarter, surpassing analysts' expectations, and recently declared a quarterly dividend of $0.31 per share.

Masco Corporation (NYSE:MAS - Get Free Report) has received a consensus recommendation of "Hold" from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $74.60.

MAS has been the subject of a number of recent research reports. Loop Capital restated a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on Masco and gave the company an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Barclays lifted their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Masco by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company's stock worth $1,858,252,000 after purchasing an additional 1,780,673 shares in the last quarter. Boston Partners lifted its holdings in Masco by 16.3% in the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company's stock worth $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Masco by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company's stock worth $339,391,000 after purchasing an additional 60,672 shares in the last quarter. Holocene Advisors LP lifted its holdings in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company's stock worth $321,889,000 after purchasing an additional 1,635,746 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after purchasing an additional 1,337,889 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

NYSE MAS opened at $65.00 on Friday. The stock has a 50-day moving average of $71.96 and a 200 day moving average of $66.80. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.46 and a beta of 1.18. Masco has a one year low of $56.55 and a one year high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, sell-side analysts forecast that Masco will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Masco's payout ratio is presently 32.89%.

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.

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