Masco Corp (MAS) Receives Consensus Rating of “Buy” from Brokerages
Shares of Masco Corp (NYSE:MAS) have earned an average recommendation of “Buy” from the twenty research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.07.
A number of research firms have issued reports on MAS. B. Riley reiterated a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Royal Bank of Canada set a $46.00 target price on Masco and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group reiterated a “neutral” rating and issued a $46.00 target price (up previously from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. Nomura set a $45.00 target price on Masco and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Citigroup lifted their price target on Masco from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th.
Masco (NYSE MAS) traded up $1.43 during trading on Friday, reaching $42.13. The company’s stock had a trading volume of 5,990,423 shares, compared to its average volume of 3,293,498. Masco has a 1 year low of $32.88 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.43 and a current ratio of 1.94. The company has a market capitalization of $13,428.79, a PE ratio of 25.08, a PEG ratio of 1.08 and a beta of 1.49.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, January 12th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s payout ratio is 25.00%.
In related news, Director Lokeren Mary Ann Van sold 16,850 shares of Masco stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $38.85, for a total value of $654,622.50. Following the transaction, the director now directly owns 47,909 shares of the company’s stock, valued at $1,861,264.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Renee Straber sold 2,574 shares of Masco stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $42.55, for a total value of $109,523.70. Following the completion of the transaction, the vice president now directly owns 65,423 shares in the company, valued at $2,783,748.65. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. First Personal Financial Services acquired a new position in shares of Masco in the fourth quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Masco in the fourth quarter worth approximately $114,000. Advisory Services Network LLC lifted its stake in shares of Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after acquiring an additional 763 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,772 shares during the period. Finally, Parsons Capital Management Inc. RI acquired a new position in shares of Masco in the fourth quarter worth approximately $204,000. 89.90% of the stock is currently owned by institutional investors.
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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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