Masco (NYSE:MAS) Upgraded at Wall Street Zen

Masco (NYSE:MAS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on MAS. Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Evercore ISI lowered their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada decreased their price objective on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $73.63.

Masco Trading Up 1.4%

Shares of MAS stock traded up $0.90 during trading hours on Friday, reaching $63.49. The company had a trading volume of 1,754,479 shares, compared to its average volume of 1,805,409. The company has a 50 day moving average of $63.54 and a 200 day moving average of $71.85. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.94 and a beta of 1.23. Masco has a 1-year low of $56.55 and a 1-year 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 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.93 EPS. Masco's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Masco will post 4.34 EPS for the current year.

Insider Transactions at Masco

In related news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. raised its stake in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Masco in the fourth quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in Masco during the 1st quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Masco during the 4th quarter worth about $30,000. Finally, Costello Asset Management INC acquired a new stake in Masco in the first quarter valued at approximately $31,000. Institutional investors own 93.91% of the company's stock.

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.