JPMorgan Chase & Co. lowered shares of Masco (NYSE:MAS) from an overweight rating to a neutral rating in a research note published on Friday morning, Marketbeat reports.

MAS has been the subject of several other reports. Wells Fargo & Co cut shares of Masco from an outperform rating to a market perform rating and set a $44.00 price objective for the company. in a research report on Wednesday, October 25th. Nomura set a $45.00 price objective on shares of Masco and gave the stock a buy rating in a research report on Wednesday, October 25th. Raymond James Financial reaffirmed a market perform rating on shares of Masco in a research report on Wednesday, October 25th. B. Riley reaffirmed a buy rating on shares of Masco in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a hold rating on shares of Masco in a research report on Tuesday, September 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $43.47.

Masco (NYSE:MAS) traded up $0.21 during trading on Friday, hitting $44.67. 3,283,404 shares of the stock traded hands, compared to its average volume of 2,830,060. The stock has a market cap of $14,050.00, a PE ratio of 26.43, a P/E/G ratio of 1.19 and a beta of 1.58. Masco has a 1-year low of $31.29 and a 1-year high of $45.55. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Masco had a negative return on equity of 7,325.00% and a net margin of 7.23%. Masco’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. sell-side analysts expect that Masco will post 1.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Friday, January 12th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a yield of 0.94%. Masco’s dividend payout ratio (DPR) is presently 24.85%.

In related news, VP John P. Lindow sold 17,026 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $40.07, for a total value of $682,231.82. Following the completion of the sale, the vice president now directly owns 101,681 shares of the company’s stock, valued at $4,074,357.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total transaction of $2,091,513.13. Following the completion of the sale, the chief financial officer now directly owns 391,443 shares of the company’s stock, valued at $15,591,174.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,961 shares of company stock valued at $3,537,891. 1.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new position in Masco in the second quarter valued at $101,000. YorkBridge Wealth Partners LLC increased its stake in Masco by 4.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,895 shares of the construction company’s stock valued at $110,000 after purchasing an additional 127 shares during the period. Advisory Services Network LLC increased its stake in Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock valued at $135,000 after purchasing an additional 763 shares during the period. Fiduciary Trust Co. acquired a new position in Masco in the second quarter valued at $166,000. Finally, Commonwealth Bank of Australia increased its stake in Masco by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after purchasing an additional 89 shares during the period. Institutional investors own 88.93% of the company’s stock.

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About Masco

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Analyst Recommendations for Masco (NYSE:MAS)

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