Masco (NYSE:MAS) Stock Rating Upgraded by Oppenheimer

Oppenheimer upgraded shares of Masco (NYSE:MAS) from a market perform rating to an outperform rating in a research report report published on Friday morning, Marketbeat.com reports. The brokerage currently has $89.00 price target on the construction company’s stock.

A number of other analysts have also recently weighed in on the company. Loop Capital boosted their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird lowered their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI boosted their price objective on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Masco has an average rating of “Hold” and a consensus target price of $86.96.

Masco Trading Down 0.5 %

NYSE:MAS opened at $72.09 on Friday. The company has a market capitalization of $15.55 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.55 and a beta of 1.25. The stock’s 50 day moving average price is $77.39 and its 200 day moving average price is $77.15. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco has a 52 week low of $63.81 and a 52 week high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Masco’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Masco will post 4.09 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Hedge Funds Weigh In On Masco

Several large investors have recently added to or reduced their stakes in MAS. ORG Wealth Partners LLC acquired a new position in shares of Masco in the fourth quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Masco in the 3rd quarter valued at $38,000. Ashton Thomas Securities LLC acquired a new position in shares of Masco in the 3rd quarter valued at $43,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares during the period. Finally, Covestor Ltd boosted its position in shares of Masco by 86.4% during the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.