Wall Street Zen Downgrades Masco (NYSE:MAS) to Sell

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

A number of other equities research analysts also recently issued reports on the stock. Truist Financial reduced their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird reduced their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Jefferies Financial Group dropped their price objective 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $73.63.

Masco Trading Down 0.2%

MAS stock traded down $0.12 during trading on Friday, reaching $63.21. 1,509,402 shares of the stock were exchanged, compared to its average volume of 1,806,044. The business has a 50 day moving average price of $62.68 and a 200-day moving average price of $71.21. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 16.81, 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. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. Masco's revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. On average, research analysts predict that Masco will post 4.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Masco

Several institutional investors have recently modified their holdings of MAS. Janney Montgomery Scott LLC lifted its position in shares of Masco by 5.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,654 shares of the construction company's stock worth $846,000 after buying an additional 634 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Masco by 3.4% during the 4th quarter. DAVENPORT & Co LLC now owns 6,317 shares of the construction company's stock worth $458,000 after buying an additional 210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Masco by 40.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,824 shares of the construction company's stock worth $1,524,000 after buying an additional 5,964 shares during the last quarter. Choreo LLC raised its position in Masco by 18.4% in the 4th quarter. Choreo LLC now owns 8,350 shares of the construction company's stock valued at $606,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Ledyard National Bank raised its position in Masco by 90.1% in the 4th quarter. Ledyard National Bank now owns 49,707 shares of the construction company's stock valued at $3,607,000 after purchasing an additional 23,560 shares during the last quarter. Hedge funds and other 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.

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