Masco (MAS) Lifted to “Buy” at Zelman & Associates

Share on StockTwits

Zelman & Associates upgraded shares of Masco (NYSE:MAS) from a hold rating to a buy rating in a report published on Monday, The Fly reports.

Several other research analysts have also weighed in on MAS. Zacks Investment Research raised Masco from a sell rating to a buy rating and set a $33.00 target price on the stock in a research report on Wednesday, January 2nd. Bank of America raised Masco from a neutral rating to a buy rating and set a $36.00 target price on the stock in a research report on Friday, January 4th. Credit Suisse Group set a $34.00 target price on Masco and gave the stock a hold rating in a research report on Friday, January 11th. Buckingham Research started coverage on Masco in a research report on Wednesday, January 23rd. They issued a buy rating and a $39.00 target price on the stock. Finally, TheStreet raised Masco from a c+ rating to a b- rating in a research report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $43.22.

NYSE:MAS opened at $39.74 on Monday. The firm has a market cap of $11.63 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43. Masco has a 1-year low of $27.03 and a 1-year high of $41.00. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 65.98.

Masco (NYSE:MAS) last issued its earnings results on Thursday, April 25th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). Masco had a return on equity of 675.68% and a net margin of 8.40%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Masco will post 2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.21%. Masco’s dividend payout ratio (DPR) is presently 19.20%.

In other news, CFO John G. Sznewajs sold 165,248 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $39.92, for a total transaction of $6,596,700.16. Following the completion of the sale, the chief financial officer now owns 398,178 shares in the company, valued at approximately $15,895,265.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard A. O’reagan sold 12,336 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $39.48, for a total value of $487,025.28. Following the sale, the insider now owns 54,403 shares of the company’s stock, valued at approximately $2,147,830.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,940 shares of company stock valued at $11,890,269. 1.17% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Masco by 16.1% during the 4th quarter. BlackRock Inc. now owns 25,729,104 shares of the construction company’s stock valued at $752,319,000 after purchasing an additional 3,573,503 shares during the period. Norges Bank bought a new stake in Masco during the 4th quarter valued at approximately $95,517,000. Two Sigma Investments LP boosted its stake in Masco by 91.3% during the 4th quarter. Two Sigma Investments LP now owns 4,293,665 shares of the construction company’s stock valued at $125,547,000 after purchasing an additional 2,049,065 shares during the period. Lakewood Capital Management LP bought a new stake in Masco during the 4th quarter valued at approximately $57,749,000. Finally, Two Sigma Advisers LP boosted its stake in Masco by 65.3% during the 4th quarter. Two Sigma Advisers LP now owns 4,736,205 shares of the construction company’s stock valued at $138,487,000 after purchasing an additional 1,871,100 shares during the period. Institutional investors own 92.95% of the company’s stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

Recommended Story: What is a Buy-Side Analyst?

The Fly

Analyst Recommendations for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.