Masco Corporation (NYSE:MAS) Receives $74.03 Consensus Target Price from Brokerages

Key Points

• Masco Corporation has received an average analyst rating of "Hold" from 17 firms, with 11 analysts recommending holding, 5 a buy, and 1 a strong buy.
• Royal Bank of Canada recently reduced its price target for Masco from $74.00 to $62.00, and a total of 7 firms have adjusted their ratings or targets for the stock.
• The company's recent quarterly dividend was $0.31 per share, which equates to an annual yield of 1.83% and a payout ratio of 33.88%.

Masco Corporation (NYSE:MAS - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $74.03.

MAS has been the subject of a number of research analyst reports. Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group decreased their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th.

Masco Price Performance

Shares of NYSE MAS traded up $3.23 during midday trading on Monday, reaching $68.96. 1,489,432 shares of the company traded hands, compared to its average volume of 2,110,270. Masco has a 52 week low of $56.55 and a 52 week high of $86.70. The stock has a 50-day moving average price of $64.39 and a 200 day moving average price of $68.18. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.72 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. During the same period in the previous year, the company posted $1.20 EPS. Masco's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that Masco will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. Masco's dividend payout ratio is currently 33.88%.

Hedge Funds Weigh In On Masco

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Masco in the first quarter valued at about $126,057,000. Norges Bank bought a new position in Masco in the fourth quarter worth approximately $129,306,000. Wealthquest Corp bought a new position in Masco in the first quarter worth approximately $111,722,000. Invesco Ltd. lifted its holdings in shares of Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after purchasing an additional 1,337,889 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after acquiring an additional 984,403 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

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.