Masco (NYSE:MAS) Coverage Initiated by Analysts at Melius Research

Melius Research assumed coverage on shares of Masco (NYSE:MAS) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued a hold rating and a $75.00 target price on the construction company’s stock.

Several other analysts also recently weighed in on MAS. Citigroup dropped their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays lowered their price objective on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.29.

Masco Trading Up 2.1%

Masco stock opened at $69.87 on Tuesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The stock has a market cap of $13.78 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The stock has a 50-day moving average of $71.59 and a two-hundred day moving average of $71.03. Masco has a one year low of $58.16 and a one year high of $83.64.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio is 29.43%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Masco during the 2nd quarter valued at about $1,278,943,000. Bank of America Corp DE purchased a new stake in shares of Masco in the second quarter worth about $178,424,000. Bank of New York Mellon Corp purchased a new stake in shares of Masco in the second quarter worth about $156,668,000. Deutsche Bank AG acquired a new stake in Masco during the second quarter worth about $149,673,000. Finally, JPMorgan Chase & Co. grew its holdings in Masco by 19.2% during the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after acquiring an additional 977,684 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.