Citigroup Issues Pessimistic Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS - Free Report) had its target price lowered by Citigroup from $82.00 to $77.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the construction company's stock.

MAS has been the topic of several other reports. Wells Fargo & Company reiterated an "equal weight" rating and issued a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Jefferies Financial Group cut Masco from a "buy" rating to a "hold" rating and lowered their target price for the company from $96.00 to $89.00 in a report on Monday, December 16th. Barclays raised their price target on Masco from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Loop Capital upped their price objective on Masco from $76.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $86.79.

Masco Price Performance

Shares of MAS traded up $0.94 during trading hours on Monday, reaching $73.14. The company had a trading volume of 1,339,751 shares, compared to its average volume of 1,023,984. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The firm has a 50 day simple moving average of $77.89 and a 200-day simple moving average of $77.19. Masco has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.55 and a beta of 1.25.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. Research analysts expect that Masco will post 4.09 earnings per share for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.59%. Masco's payout ratio is 30.85%.

Hedge Funds Weigh In On Masco

Large investors have recently bought and sold shares of the stock. Iowa State Bank increased its holdings in shares of Masco by 0.6% during the 4th quarter. Iowa State Bank now owns 50,751 shares of the construction company's stock worth $3,683,000 after buying an additional 287 shares during the last quarter. CWA Asset Management Group LLC increased its stake in Masco by 26.9% during the fourth quarter. CWA Asset Management Group LLC now owns 31,887 shares of the construction company's stock worth $2,314,000 after acquiring an additional 6,768 shares during the last quarter. Pensionfund Sabic raised its holdings in shares of Masco by 20.0% in the 4th quarter. Pensionfund Sabic now owns 18,000 shares of the construction company's stock worth $1,306,000 after purchasing an additional 3,000 shares during the period. Nordea Investment Management AB lifted its stake in shares of Masco by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company's stock valued at $218,063,000 after purchasing an additional 520,555 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Masco by 9.7% during the 4th quarter. GAMMA Investing LLC now owns 7,732 shares of the construction company's stock worth $561,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Company Profile

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.