Masco (MAS) Upgraded by Wells Fargo to “Outperform”

Wells Fargo upgraded shares of Masco (NYSE:MAS) from a market perform rating to an outperform rating in a report released on Monday, MarketBeat.com reports. They currently have $45.00 price target on the construction company’s stock.

MAS has been the topic of several other research reports. Credit Suisse Group reiterated a neutral rating and issued a $46.00 price target (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada set a $46.00 price target on Masco and gave the stock a buy rating in a research note on Friday, February 9th. Deutsche Bank boosted their price target on Masco from $39.00 to $43.00 and gave the stock a hold rating in a research note on Tuesday, February 27th. Zacks Investment Research cut Masco from a buy rating to a hold rating in a research note on Tuesday, March 6th. Finally, Argus set a $50.00 price target on Masco and gave the stock a buy rating in a research note on Friday, April 13th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Masco presently has a consensus rating of Buy and an average target price of $44.54.

Shares of Masco opened at $37.64 on Monday, according to MarketBeat.com. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.98 and a beta of 1.52. Masco has a 12 month low of $37.59 and a 12 month high of $38.21. The company has a debt-to-equity ratio of 16.23, a quick ratio of 1.10 and a current ratio of 1.69.



Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, April 24th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.86 billion. Masco had a return on equity of 512.88% and a net margin of 6.96%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. equities research analysts predict that Masco will post 2.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Investors of record on Friday, April 13th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 12th. Masco’s dividend payout ratio is currently 21.65%.

In related news, Director Richard A. Manoogian sold 82,701 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total value of $3,547,045.89. Following the completion of the sale, the director now directly owns 692,102 shares of the company’s stock, valued at $29,684,254.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the completion of the sale, the director now directly owns 56,766 shares of the company’s stock, valued at $2,375,657.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,727 shares of company stock valued at $4,695,460. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its holdings in Masco by 150.4% in the first quarter. Allianz Asset Management GmbH now owns 168,551 shares of the construction company’s stock valued at $6,816,000 after buying an additional 101,225 shares during the last quarter. Rampart Investment Management Company LLC increased its holdings in Masco by 987.9% in the first quarter. Rampart Investment Management Company LLC now owns 43,101 shares of the construction company’s stock valued at $1,743,000 after buying an additional 39,139 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Masco by 27.2% in the first quarter. Commonwealth Equity Services LLC now owns 43,910 shares of the construction company’s stock valued at $1,775,000 after buying an additional 9,397 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Masco by 41.0% in the first quarter. Moneta Group Investment Advisors LLC now owns 14,545 shares of the construction company’s stock valued at $588,000 after buying an additional 4,230 shares during the last quarter. Finally, Adviser Investments LLC bought a new position in shares of Masco during the first quarter valued at approximately $181,000. 90.91% of the stock is owned by hedge funds and other institutional investors.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

Analyst Recommendations for Masco (NYSE:MAS)

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