Masco (NYSE:MAS) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Masco (NYSE:MAS) from a buy rating to a hold rating in a report published on Monday, Marketbeat.com reports. The firm currently has $89.00 price target on the construction company’s stock, down from their prior price target of $96.00.

A number of other analysts have also commented on the stock. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $79.00 to $80.00 in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital increased their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price objective on Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.46.

Masco Stock Down 1.2 %

Shares of NYSE:MAS opened at $77.78 on Monday. The firm has a market cap of $16.78 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.57 and a beta of 1.23. The business has a fifty day simple moving average of $80.95 and a 200 day simple moving average of $76.66. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. Masco has a 12-month low of $63.60 and a 12-month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts predict that Masco will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.49%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in shares of Masco in the second quarter worth about $25,000. Family Firm Inc. bought a new position in Masco during the 2nd quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new stake in Masco in the 3rd quarter worth approximately $38,000. LRI Investments LLC raised its holdings in Masco by 850.8% in the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after purchasing an additional 536 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Masco in the 3rd quarter worth about $43,000. 93.91% of the stock is currently owned by 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.