Wall Street Zen Upgrades Masco (NYSE:MAS) to "Hold"

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

A number of other research firms have also recently issued reports on MAS. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group dropped their target price on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Truist Financial dropped their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI dropped their target price on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $73.63.

Masco Stock Performance

MAS opened at $61.24 on Friday. Masco has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.09 and a debt-to-equity ratio of 20.74. The firm has a market capitalization of $12.92 billion, a PE ratio of 16.73, a P/E/G ratio of 2.32 and a beta of 1.19. The firm has a 50 day moving average of $62.63 and a two-hundred day moving average of $70.00.

Masco (NYSE:MAS - Get Free Report) last posted 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 business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. On average, analysts anticipate that Masco will post 4.34 EPS for the current year.

Institutional Investors Weigh In On Masco

Several large investors have recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. grew its holdings in 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. Alpine Bank Wealth Management acquired a new position in Masco during the 1st quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new position in shares of Masco in the 4th quarter valued at $30,000. Costello Asset Management INC acquired a new position in shares of Masco in the 1st quarter valued at $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco in the 1st quarter valued at $33,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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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