Masco (NYSE:MAS) Downgraded to Neutral Rating by Robert W. Baird

Masco (NYSE:MAS - Get Free Report) was downgraded by investment analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $70.00 price objective on the construction company's stock. Robert W. Baird's target price would suggest a potential upside of 7.44% from the company's previous close.

MAS has been the subject of several other research reports. UBS Group reissued a "buy" rating and issued a $80.00 price target (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Barclays raised their price objective on shares of Masco from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Jefferies Financial Group dropped their price objective on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $74.03.

Masco Stock Down 0.6%

NYSE:MAS opened at $65.16 on Tuesday. The company has a fifty day moving average of $64.38 and a 200-day moving average of $68.42. The firm has a market capitalization of $13.74 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.50 and a beta of 1.19. Masco has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts anticipate that Masco will post 4.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Masco

Several institutional investors have recently added to or reduced their stakes in the business. Abundance Wealth Counselors lifted its holdings in Masco by 1.0% during the second quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company's stock valued at $1,242,000 after purchasing an additional 184 shares during the last quarter. Exchange Capital Management Inc. increased its position in shares of Masco by 4.2% during the second quarter. Exchange Capital Management Inc. now owns 16,079 shares of the construction company's stock valued at $1,035,000 after buying an additional 648 shares during the period. Hilltop National Bank bought a new stake in shares of Masco during the second quarter valued at about $140,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Masco by 13.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,178 shares of the construction company's stock valued at $1,685,000 after buying an additional 3,170 shares during the period. Finally, HB Wealth Management LLC increased its position in shares of Masco by 2.9% during the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company's stock valued at $355,000 after buying an additional 157 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

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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