Masco Co. (NYSE:MAS - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $84.69 and last traded at $84.68, with a volume of 190802 shares trading hands. The stock had previously closed at $83.49.
MAS has been the topic of a number of research reports. Truist Financial raised their price target on Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Citigroup dropped their price target on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Jefferies Financial Group lifted their target price on Masco from $89.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Robert W. Baird lifted their target price on Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Finally, BMO Capital Markets lifted their target price on Masco from $75.00 to $78.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.58.
Check Out Our Latest Analysis on MAS
The business has a 50-day moving average price of $79.33 and a 200-day moving average price of $73.82. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 2.64 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.
Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, sell-side analysts forecast that Masco Co. will post 4.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, August 2nd. Masco's payout ratio is presently 28.43%.
In related news, VP Kenneth G. Cole sold 37,814 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company's stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in MAS. V Square Quantitative Management LLC boosted its holdings in Masco by 18.2% in the fourth quarter. V Square Quantitative Management LLC now owns 6,629 shares of the construction company's stock valued at $444,000 after purchasing an additional 1,021 shares during the last quarter. Virtu Financial LLC purchased a new stake in Masco in the fourth quarter valued at $428,000. Syon Capital LLC purchased a new stake in Masco in the fourth quarter valued at $290,000. Goldman Sachs Group Inc. boosted its holdings in Masco by 4.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,178,727 shares of the construction company's stock valued at $78,951,000 after purchasing an additional 51,652 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Masco by 148.3% in the fourth quarter. Quadrature Capital Ltd now owns 25,938 shares of the construction company's stock valued at $1,737,000 after purchasing an additional 15,493 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.
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.
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