Masco (NYSE:MAS) PT Lowered to $74.00 at Evercore ISI

Masco (NYSE:MAS) had its target price decreased by Evercore ISI from $75.00 to $74.00 in a research note issued to investors on Thursday, Benzinga reports. Evercore ISI currently has an in-line rating on the construction company’s stock.

Several other brokerages have also recently issued reports on MAS. Truist Financial lifted their price target on Masco from $65.00 to $81.00 and gave the company a buy rating in a research report on Friday, February 9th. Oppenheimer initiated coverage on Masco in a research report on Friday, January 19th. They set a market perform rating on the stock. Royal Bank of Canada lifted their price target on Masco from $73.00 to $79.00 and gave the company an outperform rating in a research report on Friday, February 9th. Citigroup lifted their price target on Masco from $74.00 to $79.00 and gave the company a neutral rating in a research report on Friday, April 5th. Finally, StockNews.com cut Masco from a buy rating to a hold rating in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $72.15.

Masco Stock Down 0.0 %

MAS opened at $69.85 on Thursday. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.08. The stock has a market cap of $15.38 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.17 and a beta of 1.25. The stock’s 50 day moving average price is $75.17 and its 200 day moving average price is $66.98.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, research analysts predict that Masco will post 4.12 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is 28.43%.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Insiders sold a total of 83,762 shares of company stock valued at $6,337,597 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Masco by 2.5% during the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after acquiring an additional 137 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Masco by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after acquiring an additional 178 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Masco by 4.4% during the first quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock worth $326,000 after acquiring an additional 178 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

About Masco

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.