Bank of America downgraded shares of Masco (NYSE:MAS) from a buy rating to a neutral rating in a research report report published on Monday morning, MarketBeat Ratings reports. Bank of America currently has $35.79 price target on the construction company’s stock, down from their prior price target of $46.45.

Several other equities analysts have also recently commented on the stock. Wells Fargo raised shares of Masco from a market perform rating to an outperform rating and set a $45.00 price target on the stock in a research report on Monday. JPMorgan Chase reduced their price target on shares of Masco from $49.00 to $45.00 and set a neutral rating on the stock in a research report on Thursday, April 26th. Royal Bank of Canada set a $43.00 price target on shares of Masco and gave the stock a buy rating in a research report on Wednesday, April 25th. Barclays set a $47.00 price target on shares of Masco and gave the stock a buy rating in a research report on Wednesday, April 25th. Finally, Credit Suisse Group reduced their price target on shares of Masco from $46.00 to $40.00 and set a neutral rating on the stock in a research report on Wednesday, April 25th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $44.54.

Shares of Masco opened at $37.91 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.69 and a quick ratio of 1.10. Masco has a 1-year low of $37.27 and a 1-year high of $37.79. The stock has a market cap of $11.69 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). Masco had a return on equity of 512.88% and a net margin of 6.96%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts predict that Masco will post 2.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, April 13th were issued a $0.105 dividend. The ex-dividend date was Thursday, April 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.11%. Masco’s dividend payout ratio is currently 21.65%.

In other news, Director Lokeren Mary Ann Van sold 5,654 shares of Masco stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.77, for a total transaction of $241,821.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lisa A. Payne sold 5,577 shares of Masco stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the sale, the director now directly owns 56,766 shares in the company, valued at approximately $2,375,657.10. The disclosure for this sale can be found here. Insiders sold 109,727 shares of company stock worth $4,695,460 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in shares of Masco during the fourth quarter valued at approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Masco during the fourth quarter valued at approximately $114,000. Avestar Capital LLC bought a new stake in shares of Masco during the fourth quarter valued at approximately $135,000. Dupont Capital Management Corp raised its holdings in shares of Masco by 61.3% during the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after buying an additional 1,486 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Masco by 299.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock valued at $162,000 after buying an additional 2,772 shares during the last quarter. 90.91% of the stock is currently owned by institutional investors.

Masco Company Profile

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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