Masco (NYSE:MAS) Upgraded to Hold at DA Davidson

Masco (NYSE:MAS) was upgraded by DA Davidson to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of 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 research note on Thursday, July 30th. Evercore cut Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Barclays lowered their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $79.88.

Masco Trading Down 0.2%

Shares of MAS stock opened at $73.08 on Monday. Masco has a 12 month low of $58.16 and a 12 month high of $83.64. The company has a market cap of $14.41 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. 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 business’s 50 day moving average is $76.74 and its two-hundred day moving average is $71.08.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $1.30 EPS. Masco’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. Equities analysts predict that Masco will post 4.52 EPS for the current year.

Masco declared that its board has initiated a stock repurchase program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Masco

A number of institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in Masco by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 94,672 shares of the construction company’s stock valued at $7,703,000 after acquiring an additional 1,139 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Masco in the 2nd quarter worth approximately $49,765,000. California State Teachers Retirement System grew its holdings in shares of Masco by 6,291.8% during the 2nd quarter. California State Teachers Retirement System now owns 28,615,795 shares of the construction company’s stock worth $2,328,467,000 after purchasing an additional 28,168,099 shares in the last quarter. Wedmont Private Capital increased its position in shares of Masco by 29.0% during the second quarter. Wedmont Private Capital now owns 6,138 shares of the construction company’s stock valued at $478,000 after purchasing an additional 1,380 shares during the period. Finally, Kintra Wealth LLC increased its position in shares of Masco by 25.7% during the second quarter. Kintra Wealth LLC now owns 6,896 shares of the construction company’s stock valued at $514,000 after purchasing an additional 1,409 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.