Royal Bank of Canada set a $46.00 price target on Masco (NYSE:MAS) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the construction company’s stock.

MAS has been the topic of a number of other reports. Wells Fargo & Co cut Masco from an outperform rating to a market perform rating and set a $44.00 price target on the stock. in a research report on Wednesday, October 25th. Credit Suisse Group reiterated a neutral rating and set a $46.00 price target (up from $36.00) on shares of Masco in a research report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Masco from an overweight rating to a neutral rating in a research report on Friday, January 5th. Nomura set a $45.00 price target on Masco and gave the stock a buy rating in a research report on Wednesday, October 25th. Finally, Raymond James Financial reiterated a market perform rating on shares of Masco in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $44.07.

Masco (MAS) opened at $42.13 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.49 and a debt-to-equity ratio of 16.87. Masco has a 1-year low of $32.88 and a 1-year high of $46.44. The company has a market capitalization of $13,203.18, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

Masco (NYSE:MAS) last released its earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Masco had a return on equity of 1,000.81% and a net margin of 6.97%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $0.33 EPS. Masco’s quarterly revenue was up 6.5% compared to the same quarter last year. sell-side analysts expect that Masco will post 2.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, January 11th. Masco’s dividend payout ratio is currently 25.45%.

In related news, VP Renee Straber sold 2,574 shares of the firm’s 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 sale, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Masco by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,065,004 shares of the construction company’s stock valued at $506,663,000 after acquiring an additional 763,078 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Masco by 4.6% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 8,218,130 shares of the construction company’s stock valued at $320,590,000 after acquiring an additional 362,903 shares during the period. APG Asset Management N.V. increased its position in shares of Masco by 32.1% during the 4th quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock valued at $237,478,000 after purchasing an additional 1,577,500 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Masco by 41.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,814,420 shares of the construction company’s stock valued at $109,791,000 after purchasing an additional 824,665 shares during the period. Finally, Congress Asset Management Co. MA increased its position in shares of Masco by 2.9% during the 4th quarter. Congress Asset Management Co. MA now owns 2,082,281 shares of the construction company’s stock valued at $91,495,000 after purchasing an additional 58,506 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

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Masco 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.

Analyst Recommendations for Masco (NYSE:MAS)

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