Masco (NYSE:MAS) Reaches New 1-Year High – Here’s What Happened

Masco Corporation (NYSE:MAS)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $83.85 and last traded at $83.3220, with a volume of 308,428 shares. The stock had previously closed at $80.64.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MAS shares. Melius Research assumed coverage on shares of Masco in a research report on Tuesday, October 6th. They issued a “hold” rating and a $75.00 price objective for the company. DA Davidson set a $82.00 price objective on shares of Masco in a research report on Thursday. UBS Group increased their price objective on shares of Masco from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Finally, Bank of America reissued an “underperform” rating on shares of Masco in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $80.94.

Masco Stock Up 3.2%

The stock’s fifty day moving average is $71.26 and its two-hundred day moving average is $70.88. The company has a market capitalization of $16.05 billion, a PE ratio of 18.02, a P/E/G ratio of 1.79 and a beta of 1.30. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, analysts predict that Masco Corporation will post 4.72 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 6th. Masco’s dividend payout ratio is 27.71%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Childress Capital Advisors LLC raised its holdings in shares of Masco by 4.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 3,181 shares of the construction company’s stock valued at $214,000 after buying an additional 149 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Masco by 1.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 11,275 shares of the construction company’s stock worth $760,000 after acquiring an additional 151 shares during the last quarter. Steph & Co. grew its holdings in shares of Masco by 6.6% during the 3rd quarter. Steph & Co. now owns 2,465 shares of the construction company’s stock valued at $166,000 after purchasing an additional 152 shares during the last quarter. Interchange Capital Partners LLC raised its position in Masco by 3.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 5,443 shares of the construction company’s stock worth $367,000 after purchasing an additional 169 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Masco by 9.0% in the first quarter. Parallel Advisors LLC now owns 2,420 shares of the construction company’s stock worth $146,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Company Profile

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.