Masco (NYSE:MAS) Receives “Equal Weight” Rating from Barclays

Masco (NYSE:MAS)‘s stock had its “equal weight” rating reissued by research analysts at Barclays in a note issued to investors on Monday, MarketBeat reports. They currently have a $71.00 price target on the construction company’s stock, down from their prior price target of $76.00. Barclays‘s price objective would indicate a potential upside of 12.33% from the stock’s current price.

Several other research firms have also commented on MAS. Evercore ISI decreased their price objective on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Vertical Research initiated coverage on shares of Masco in a research note on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus price target of $73.20.

Masco Stock Performance

NYSE MAS opened at $63.21 on Monday. Masco has a twelve month low of $56.55 and a twelve month high of $82.18. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.73 and a beta of 1.27. The stock has a fifty day simple moving average of $65.36 and a 200 day simple moving average of $67.13. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Sell-side analysts expect that Masco will post 4.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new stake in Masco in the 1st quarter worth approximately $241,000. Citigroup Inc. increased its position in Masco by 13.5% during the 1st quarter. Citigroup Inc. now owns 344,762 shares of the construction company’s stock valued at $23,975,000 after purchasing an additional 41,027 shares during the period. National Bank of Canada FI lifted its position in shares of Masco by 57.6% in the 1st quarter. National Bank of Canada FI now owns 162,076 shares of the construction company’s stock worth $11,271,000 after purchasing an additional 59,211 shares during the period. Townsquare Capital LLC boosted its position in Masco by 7.3% during the 1st quarter. Townsquare Capital LLC now owns 4,280 shares of the construction company’s stock valued at $298,000 after acquiring an additional 293 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Masco by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock worth $269,972,000 after acquiring an additional 155,351 shares during the period. Hedge funds and other institutional investors 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.