Analysts at BMO Capital Markets initiated coverage on shares of Masco (NYSE:MAS) in a report issued on Wednesday, The Fly reports. The brokerage set a "market perform" rating on the construction company's stock.
Other equities analysts have also issued reports about the company. TheStreet upgraded Masco from a "c+" rating to a "b" rating in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Masco from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Barclays lowered Masco from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $62.00 to $60.00 in a research note on Friday, December 18th. Jefferies Financial Group lowered Masco from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $69.00 to $61.00 in a research note on Monday, January 4th. Finally, BidaskClub lowered Masco from a "buy" rating to a "hold" rating in a research note on Wednesday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. Masco currently has an average rating of "Hold" and an average target price of $58.34.
NYSE MAS traded down $0.46 during trading on Wednesday, hitting $56.06. 82,664 shares of the company traded hands, compared to its average volume of 2,751,975. The company has a current ratio of 2.01, a quick ratio of 1.54 and a debt-to-equity ratio of 8.17. The business has a fifty day simple moving average of $54.52 and a 200 day simple moving average of $55.22. The company has a market capitalization of $14.67 billion, a P/E ratio of 10.36, a PEG ratio of 1.07 and a beta of 1.35. Masco has a 12 month low of $27.04 and a 12 month high of $60.16.
Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.25. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Masco had a return on equity of 1,966.88% and a net margin of 21.27%. Equities research analysts predict that Masco will post 3.07 EPS for the current fiscal year.
In other news, VP Scott E. Mcdowell sold 2,283 shares of the business's stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $54.18, for a total value of $123,692.94. Following the transaction, the vice president now directly owns 14,026 shares of the company's stock, valued at approximately $759,928.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald R. Parfet sold 3,783 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $54.44, for a total value of $205,946.52. Following the completion of the transaction, the director now directly owns 31,494 shares in the company, valued at $1,714,533.36. The disclosure for this sale can be found here. Insiders have sold 9,066 shares of company stock worth $493,379 over the last ninety days. Company insiders own 1.23% of the company's stock.
Several institutional investors and hedge funds have recently made changes to their positions in MAS. Flagship Harbor Advisors LLC raised its position in Masco by 200.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 498 shares of the construction company's stock worth $27,000 after purchasing an additional 332 shares during the last quarter. Nachman Norwood & Parrott Inc bought a new position in Masco in the 3rd quarter worth approximately $28,000. FinTrust Capital Advisors LLC bought a new position in Masco in the 3rd quarter worth approximately $35,000. North Star Investment Management Corp. bought a new position in Masco in the 3rd quarter worth approximately $67,000. Finally, Neo Ivy Capital Management bought a new position in Masco in the 3rd quarter worth approximately $73,000. 79.60% of the stock is currently owned by institutional investors and hedge funds.
Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products. The Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; thermoplastic extrusions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.
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