Wells Fargo upgraded shares of Masco (NYSE:MAS) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat reports. They currently have $45.00 price objective on the construction company’s stock.
Several other brokerages have also recently weighed in on MAS. Credit Suisse Group set a $46.00 price objective on Masco and gave the company a hold rating in a report on Tuesday, April 24th. Deutsche Bank raised Masco from a hold rating to a buy rating and set a $43.00 price objective for the company in a report on Thursday, March 22nd. Robert W. Baird set a $46.00 price objective on Masco and gave the company a buy rating in a report on Tuesday, April 24th. Argus set a $50.00 price objective on Masco and gave the company a buy rating in a report on Friday, April 13th. They noted that the move was a valuation call. Finally, Barclays set a $47.00 price objective on Masco and gave the company a buy rating in a report on Wednesday, April 25th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $44.54.
MAS opened at $37.50 on Monday. The firm has a market capitalization of $11.60 billion, a P/E ratio of 19.33, a PEG ratio of 0.96 and a beta of 1.52. Masco has a 1 year low of $37.27 and a 1 year high of $37.79. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 16.23.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Friday, April 13th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.12%. Masco’s dividend payout ratio (DPR) is currently 21.65%.
In other news, Director Lokeren Mary Ann Van sold 5,654 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $42.77, for a total transaction of $241,821.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total value of $233,397.45. Following the transaction, the director now directly owns 56,766 shares of the company’s stock, valued at approximately $2,375,657.10. The disclosure for this sale can be found here. Insiders have sold a total of 109,727 shares of company stock valued at $4,695,460 in the last three months. 1.20% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of MAS. Millennium Management LLC raised its holdings in shares of Masco by 2,720.8% during the 1st quarter. Millennium Management LLC now owns 2,357,770 shares of the construction company’s stock worth $95,348,000 after buying an additional 2,274,184 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Masco by 32.1% during the 4th quarter. APG Asset Management N.V. now owns 6,489,828 shares of the construction company’s stock worth $237,478,000 after buying an additional 1,577,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Masco by 12.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 9,274,700 shares of the construction company’s stock worth $407,529,000 after buying an additional 1,056,570 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Masco during the 1st quarter worth $33,468,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Masco by 256.8% during the 1st quarter. Point72 Asset Management L.P. now owns 935,151 shares of the construction company’s stock worth $37,818,000 after buying an additional 673,051 shares in the last quarter. 90.91% of the stock is owned by institutional investors.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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