StockNews.com Downgrades Masco (NYSE:MAS) to Hold

Masco (NYSE:MAS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.

A number of other research analysts have also commented on the company. Truist Financial upped their price target on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays upped their target price on shares of Masco from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Wednesday. Evercore ISI raised their price target on shares of Masco from $78.00 to $82.00 and gave the stock an "in-line" rating in a research report on Wednesday. Citigroup cut their price objective on shares of Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets lifted their target price on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Masco currently has an average rating of "Hold" and a consensus target price of $84.85.

Masco Stock Performance

Shares of Masco stock traded down $0.96 on Wednesday, reaching $80.34. The stock had a trading volume of 2,825,609 shares, compared to its average volume of 1,818,010. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The business's 50-day moving average price is $81.56 and its two-hundred day moving average price is $74.45. The stock has a market cap of $17.69 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. Masco has a fifty-two week low of $51.72 and a fifty-two week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. On average, sell-side analysts forecast that Masco will post 4.1 EPS for the current year.

Insider Transactions at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new position in Masco during the first quarter worth about $25,000. Innealta Capital LLC bought a new stake in Masco in the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Masco during the second quarter valued at about $30,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Masco by 4,545.5% in the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after purchasing an additional 500 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

About Masco

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.

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