Credit Suisse Group Analysts Give Masco Corporation (NYSE:MAS) a $36.00 Price Target
Credit Suisse Group set a $36.00 target price on Masco Corporation (NYSE:MAS) in a research report sent to investors on Thursday. The firm currently has a hold rating on the construction company’s stock.
Several other research analysts have also recently commented on MAS. Longbow Research raised Masco Corporation from a neutral rating to a buy rating and set a $42.00 target price for the company in a research report on Thursday, April 6th. Nomura started coverage on Masco Corporation in a research report on Wednesday, April 12th. They issued a buy rating and a $39.00 target price for the company. Zacks Investment Research cut Masco Corporation from a hold rating to a sell rating in a research report on Wednesday, April 12th. Instinet reaffirmed a buy rating on shares of Masco Corporation in a research report on Friday, April 14th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Masco Corporation in a research report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $40.71.
Shares of Masco Corporation (NYSE:MAS) opened at 38.57 on Thursday. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 23.85 and a beta of 1.56. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37. The firm’s 50-day moving average is $38.40 and its 200 day moving average is $35.56.
Masco Corporation (NYSE:MAS) last issued its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. Masco Corporation’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.46 earnings per share. Equities analysts expect that Masco Corporation will post $1.96 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 annualized dividend and a yield of 1.04%. Masco Corporation’s dividend payout ratio is currently 24.69%.
In other Masco Corporation news, Director Lokeren Mary Ann Van sold 3,880 shares of the 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 transaction, the director now directly owns 68,306 shares in the company, valued at $2,505,464.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Renee Straber sold 4,452 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total value of $171,758.16. Following the transaction, the vice president now owns 65,961 shares of the company’s stock, valued at $2,544,775.38. The disclosure for this sale can be found here. Insiders have sold 159,984 shares of company stock valued at $5,926,424 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its stake in shares of Masco Corporation by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,768 shares of the construction company’s stock worth $102,000 after buying an additional 559 shares during the period. Trust Co. of Vermont raised its stake in shares of Masco Corporation by 4.4% in the second quarter. Trust Co. of Vermont now owns 2,964 shares of the construction company’s stock worth $113,000 after buying an additional 125 shares during the period. Pathstone Family Office LLC acquired a new stake in shares of Masco Corporation during the first quarter worth $103,000. Edmond DE Rothschild Holding S.A. raised 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. Finally, VNBTrust National Association acquired a new stake in shares of Masco Corporation during the second quarter worth $203,000. Hedge funds and other institutional investors own 89.21% 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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