Masco (NYSE:MAS) Stock Rated Hold in New Coverage at Melius Research

Melius Research started coverage on shares of Masco (NYSE:MAS) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $75.00 target price on the construction company’s stock.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a report on Monday, August 3rd. UBS Group dropped their price objective on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Barclays cut their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings downgraded Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target of $79.12.

Masco Stock Up 0.9%

Shares of Masco stock opened at $69.49 on Tuesday. Masco has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a 50 day moving average of $71.45 and a 200 day moving average of $71.17. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The company has a market capitalization of $13.70 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.68 and a beta of 1.30.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts forecast that Masco will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAS. BlackRock Inc. purchased a new position in shares of Masco during the second quarter worth approximately $1,278,943,000. JPMorgan Chase & Co. raised its position in Masco by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after purchasing an additional 977,684 shares during the last quarter. Van ECK Associates Corp raised its position in Masco by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 3,375,286 shares of the construction company’s stock valued at $214,195,000 after purchasing an additional 213,676 shares during the last quarter. Bank of America Corp DE acquired a new stake in Masco during the 2nd quarter worth $178,424,000. Finally, Bank of New York Mellon Corp acquired a new stake in Masco during the 2nd quarter worth $156,668,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.