Masco Corporation (NYSE:MAS)‘s stock had its “buy” rating restated by research analysts at Jefferies Group LLC in a research report issued on Wednesday. They presently have a $45.00 target price on the construction company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 16.67% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Masco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Masco Corporation in a research note on Tuesday. Longbow Research reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Masco Corporation in a research note on Tuesday, July 4th. Credit Suisse Group began coverage on Masco Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $36.00 price objective on the stock. Finally, BidaskClub raised Masco Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.00.
Masco Corporation (NYSE:MAS) opened at 38.57 on Wednesday. The company has a 50 day moving average of $38.18 and a 200 day moving average of $35.29. The company has a market capitalization of $12.19 billion, a PE ratio of 24.41 and a beta of 1.56. Masco Corporation has a 52-week low of $29.38 and a 52-week high of $39.37.
Masco Corporation (NYSE:MAS) last posted its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Masco Corporation will post $1.96 earnings per share for the current fiscal year.
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In related news, Director Lokeren Mary Ann Van sold 3,880 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $36.68, for a total transaction of $142,318.40. Following the completion of the sale, the director now directly owns 68,306 shares in the company, valued at approximately $2,505,464.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John P. Lindow sold 34,417 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $37.14, for a total value of $1,278,247.38. Following the sale, the vice president now owns 102,434 shares of the company’s stock, valued at $3,804,398.76. The disclosure for this sale can be found here. Insiders sold a total of 194,401 shares of company stock valued at $7,204,672 over the last quarter. Company insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of MAS. Hills Bank & Trust Co. boosted its stake in shares of Masco Corporation by 0.3% in the second quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock worth $838,000 after buying an additional 75 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Masco Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock worth $757,000 after buying an additional 100 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares during the period. Atria Investments LLC boosted its stake in shares of Masco Corporation by 0.9% in the second quarter. Atria Investments LLC now owns 13,642 shares of the construction company’s stock worth $521,000 after buying an additional 121 shares during the period. Finally, Bollard Group LLC boosted its stake in shares of Masco Corporation by 0.3% in the first quarter. Bollard Group LLC now owns 42,445 shares of the construction company’s stock worth $1,443,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 88.84% of the company’s stock.
Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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