Masco Corporation (NYSE:MAS) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Masco Corporation has received a consensus rating of "Hold" from 17 brokerages, with an average price target of $74.13.
• The company reported $1.30 EPS for the last quarter, surpassing analysts' expectations of $1.08, while revenue was slightly down from the previous year.
• Masco recently declared a quarterly dividend of $0.31 per share, resulting in an annualized dividend yield of 1.7%.

Shares of Masco Corporation (NYSE:MAS - Get Free Report) have received a consensus rating of "Hold" from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $74.1333.

MAS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Robert W. Baird lowered shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target for the company. in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Loop Capital restated a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAS. Norges Bank purchased a new position in Masco in the second quarter worth $122,990,000. Nuveen LLC purchased a new position in Masco in the first quarter worth $126,057,000. Vanguard Group Inc. grew its position in Masco by 6.6% in the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company's stock worth $1,858,252,000 after acquiring an additional 1,780,673 shares in the last quarter. Holocene Advisors LP grew its position in Masco by 48.6% in the second quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company's stock worth $321,889,000 after acquiring an additional 1,635,746 shares in the last quarter. Finally, Wealthquest Corp purchased a new position in Masco in the first quarter worth $111,722,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Down 1.0%

Shares of MAS stock opened at $72.2550 on Friday. The company's fifty day simple moving average is $67.02 and its two-hundred day simple moving average is $67.37. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco has a 1 year low of $56.55 and a 1 year high of $86.70. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.66 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last issued its 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. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts anticipate that Masco will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 8th. Masco's payout ratio is 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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