Masco (NYSE:MAS) Upgraded to “Hold” at DA Davidson

DA Davidson upgraded shares of Masco (NYSE:MAS) to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other equities analysts have also recently commented on MAS. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Truist Financial cut their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research note on Monday, August 3rd. Finally, Barclays cut their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.88.

Masco Stock Down 0.2%

Shares of Masco stock opened at $73.08 on Monday. Masco has a 1-year low of $58.16 and a 1-year high of $83.64. The company has a market capitalization of $14.41 billion, a PE ratio of 16.80, a P/E/G ratio of 1.85 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The business has a 50-day moving average of $76.74 and a 200-day moving average of $71.08.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts forecast that Masco will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given a $0.32 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.28 annualized dividend and a yield of 1.8%. Masco’s payout ratio is 29.43%.

Masco announced that its board has approved a stock repurchase plan on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Masco

Several hedge funds and other institutional investors have recently modified their holdings of MAS. California State Teachers Retirement System lifted its position in Masco by 6,291.8% in the 2nd quarter. California State Teachers Retirement System now owns 28,615,795 shares of the construction company’s stock worth $2,328,467,000 after buying an additional 28,168,099 shares in the last quarter. BlackRock Inc. bought a new stake in Masco during the second quarter valued at about $1,278,943,000. Norges Bank bought a new position in Masco during the fourth quarter worth $194,818,000. Wellington Management Group LLP bought a new stake in shares of Masco in the third quarter valued at about $192,948,000. Finally, Bank of America Corp DE bought a new stake in Masco in the 2nd quarter valued at $178,424,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door?bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.