Brokerages Set Masco Co. (NYSE:MAS) Target Price at $87.04

Shares of Masco Co. (NYSE:MAS - Get Free Report) have received a consensus rating of "Hold" from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $87.04.

MAS has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Masco from $80.00 to $83.50 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. BMO Capital Markets increased their price objective on shares of Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on shares of Masco from $89.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Barclays lifted their price objective on shares of Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

Masco Price Performance

NYSE MAS traded down $0.47 on Friday, reaching $78.76. The company's stock had a trading volume of 834,710 shares, compared to its average volume of 1,768,143. The firm has a market cap of $16.99 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. The business has a 50-day moving average price of $81.05 and a 200 day moving average price of $76.53. Masco has a 52 week low of $63.60 and a 52 week high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Masco will post 4.09 EPS 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 given a $0.29 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.47%. Masco's dividend payout ratio (DPR) is presently 30.85%.

Institutional Trading of Masco

Several institutional investors have recently added to or reduced their stakes in MAS. Seizert Capital Partners LLC raised its stake in shares of Masco by 21.7% during the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company's stock valued at $45,364,000 after acquiring an additional 96,415 shares during the last quarter. Hsbc Holdings PLC raised its position in Masco by 11.6% in the second quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company's stock worth $30,932,000 after acquiring an additional 48,379 shares during the period. Oppenheimer Asset Management Inc. raised its position in Masco by 14.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company's stock worth $9,497,000 after acquiring an additional 18,287 shares during the period. Rothschild Investment LLC bought a new stake in shares of Masco during the 2nd quarter valued at $159,000. Finally, National Bank of Canada FI raised its position in shares of Masco by 22.7% during the 2nd quarter. National Bank of Canada FI now owns 62,323 shares of the construction company's stock valued at $4,033,000 after purchasing an additional 11,525 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

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.