Masco (NYSE:MAS) Lowered to Hold Rating by Baird R W

Masco (NYSE:MAS - Get Free Report) was downgraded by research analysts at Baird R W from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

MAS has been the subject of a number of other research reports. Evercore ISI decreased their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Wells Fargo & Company increased their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Truist Financial dropped their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Twelve investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $74.03.

Masco Stock Performance

Shares of NYSE:MAS opened at $66.80 on Tuesday. The firm has a market cap of $14.09 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.44 and a beta of 1.19. The firm's 50 day simple moving average is $64.38 and its 200-day simple moving average is $68.42. Masco has a one year low of $56.55 and a one year high of $86.70.

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

Hedge Funds Weigh In On Masco

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Vanguard Group Inc. grew its stake in Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after buying an additional 984,403 shares during the period. Geode Capital Management LLC grew its stake in Masco by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock worth $371,265,000 after buying an additional 58,739 shares during the period. Invesco Ltd. boosted its stake 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 during the period. Northern Trust Corp boosted its stake in shares of Masco by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after purchasing an additional 337,164 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after purchasing an additional 155,351 shares during the period. 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.

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