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Masco (NYSE:MAS - Get Rating) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.
MAS has been the subject of several other reports. Wells Fargo & Company lifted their price objective on Masco from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. BMO Capital Markets decreased their price objective on shares of Masco from $68.00 to $60.00 in a report on Monday, August 1st. Barclays dropped their target price on shares of Masco from $68.00 to $66.00 and set an "overweight" rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. decreased their target price on shares of Masco from $58.00 to $54.00 in a research note on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Masco in a research note on Wednesday, August 17th. They issued a "hold" rating and a $61.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Masco has an average rating of "Moderate Buy" and an average target price of $63.93.Masco Stock Up 0.8 %
NYSE:MAS traded up $0.42 on Monday, reaching $52.70. 1,348,368 shares of the stock traded hands, compared to its average volume of 2,234,640. The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 52.66. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.08 and a beta of 1.23. Masco has a 12 month low of $46.27 and a 12 month high of $71.06. The company's fifty day simple moving average is $53.21 and its 200 day simple moving average is $53.24.
Masco (NYSE:MAS - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.05). Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business earned $1.14 EPS. Masco's revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Masco will post 4.17 EPS for the current fiscal year. Insider Buying and Selling at Masco
In related news, CEO Keith J. Allman sold 10,000 shares of the company's stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $52.02, for a total value of $520,200.00. Following the completion of the transaction, the chief executive officer now owns 288,295 shares of the company's stock, valued at approximately $14,997,105.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company's stock. Institutional Trading of Masco
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Masco by 1.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 22,191,528 shares of the construction company's stock valued at $1,122,892,000 after buying an additional 273,848 shares during the last quarter. State Street Corp increased its holdings in Masco by 2.0% in the 4th quarter. State Street Corp now owns 11,502,439 shares of the construction company's stock valued at $807,701,000 after acquiring an additional 221,519 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in Masco by 18.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 4,870,464 shares of the construction company's stock valued at $246,445,000 after acquiring an additional 751,825 shares during the last quarter. Geode Capital Management LLC lifted its stake in Masco by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,403,661 shares of the construction company's stock worth $308,386,000 after purchasing an additional 100,336 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Masco by 0.9% during the 2nd quarter. Northern Trust Corp now owns 4,250,135 shares of the construction company's stock valued at $215,057,000 after purchasing an additional 36,232 shares during the last quarter. Institutional investors own 92.59% of the company's stock. About Masco (Get Rating)
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.Further ReadingGet a free copy of the StockNews.com research report on Masco (MAS)3 Downgraded Must-Have Stocks To Put On Your WatchlistThis Is What To Expect From The Q3 Earnings Reporting Season3 Biotech Stocks Gaining MomentumCan Electronic Arts Buck the Downturn in Videogaming? Dollar General is the Big Fish in Little Ponds Across the U.S.
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