Raymond James set a $50.00 price target on Masco (NYSE:MAS) in a research report released on Friday, TipRanks reports. The firm currently has a buy rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Bank of America raised Esperion Therapeutics from an underperform rating to a neutral rating in a report on Monday, May 6th. Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a buy rating in a research note on Friday. Zacks Investment Research lowered HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Zelman & Associates raised Masco from a hold rating to a buy rating in a research report on Monday, April 29th. Finally, Barclays set a $46.00 price target on D. R. Horton and gave the stock a buy rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. Masco presently has a consensus rating of Buy and an average target price of $44.76.

Shares of NYSE:MAS traded down $0.27 during mid-day trading on Friday, reaching $41.23. 461,031 shares of the company traded hands, compared to its average volume of 2,924,401. The stock’s 50 day simple moving average is $38.74. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.66 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 39.03. Masco has a 52 week low of $27.03 and a 52 week high of $42.58.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Masco had a return on equity of 792.80% and a net margin of 8.77%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts forecast that Masco will post 2.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Friday, July 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, July 11th. Masco’s dividend payout ratio is presently 19.20%.

Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of Masco in the first quarter worth about $29,000. Zions Bancorporation N.A. purchased a new position in shares of Masco in the first quarter worth about $44,000. SevenBridge Financial Group LLC raised its stake in shares of Masco by 271.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,218 shares of the construction company’s stock worth $48,000 after purchasing an additional 890 shares during the last quarter. NuWave Investment Management LLC raised its stake in shares of Masco by 305.1% in the second quarter. NuWave Investment Management LLC now owns 1,260 shares of the construction company’s stock worth $50,000 after purchasing an additional 949 shares during the last quarter. Finally, Thor Advisors LLC purchased a new position in shares of Masco in the first quarter worth about $78,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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Analyst Recommendations for Masco (NYSE:MAS)

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