Masco (NYSE:MAS) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Masco shares moved above their 200-day moving average, reaching $74.57 before last trading at $72.85, compared with a 200-day average of $71.52.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $79.12, with several brokerages recently lowering their targets.
• Masco exceeded quarterly EPS expectations ($1.64 versus $1.32) despite a 2.9% year-over-year revenue decline, and declared a quarterly dividend of $0.32 per share, implying a 1.8% yield.

Masco Corporation (NYSE:MAS - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $71.52 and traded as high as $74.57. Masco shares last traded at $72.8470, with a volume of 2,207,441 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on MAS. Truist Financial lowered their target price on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Citigroup cut their target price on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Melius Research started coverage on Masco in a research report on Tuesday, October 6th. They issued a "hold" rating and a $75.00 price target on the stock. Barclays decreased their price target on Masco from $82.00 to $79.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Zacks Research cut Masco from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $79.12.

Masco Trading Up 0.4%

The stock has a market cap of $14.36 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.83 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The firm's fifty day simple moving average is $70.83 and its 200-day simple moving average is $71.52.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the prior year, the company posted $1.30 earnings per share. Masco's revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Masco's dividend payout ratio is 29.43%.

Institutional Trading of Masco

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Masco in the 2nd quarter valued at about $1,278,943,000. Bank of America Corp DE bought a new stake in shares of Masco during the 2nd quarter valued at about $178,424,000. Bank of New York Mellon Corp bought a new stake in shares of Masco during the 2nd quarter valued at about $156,668,000. Deutsche Bank AG acquired a new stake in Masco during the second quarter worth approximately $149,673,000. Finally, Amundi grew its stake in Masco by 17.5% during the first quarter. Amundi now owns 2,152,818 shares of the construction company's stock worth $129,977,000 after purchasing an additional 320,230 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco's plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.

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