Argus set a $50.00 price objective on Masco (NYSE:MAS) in a research note released on Friday morning. The firm currently has a buy rating on the construction company’s stock. The analysts noted that the move was a valuation call.

MAS has been the subject of a number of other reports. Credit Suisse Group reiterated a neutral rating and set a $46.00 price target (up from $36.00) on shares of Masco in a report on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase downgraded shares of Masco from an overweight rating to a neutral rating in a report on Friday, January 5th. Deutsche Bank upgraded shares of Masco from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Thursday, March 22nd. Zacks Investment Research upgraded shares of Masco from a sell rating to a buy rating and set a $49.00 price target for the company in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada set a $46.00 price target on shares of Masco and gave the stock a buy rating in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $44.87.

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Shares of NYSE MAS opened at $40.92 on Friday. The stock has a market cap of $12,739.36, a PE ratio of 21.09, a PEG ratio of 1.02 and a beta of 1.50. Masco has a 12 month low of $33.07 and a 12 month high of $46.44. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 6.97% and a return on equity of 1,000.81%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. research analysts predict that Masco will post 2.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Friday, April 13th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.42 dividend on an annualized basis and a yield of 1.03%. Masco’s payout ratio is 21.65%.

In related news, Director Lisa A. Payne sold 5,577 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $41.85, for a total value of $233,397.45. Following the completion of the sale, the director now directly owns 56,766 shares in the company, valued at $2,375,657.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lokeren Mary Ann Van sold 5,654 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.77, for a total transaction of $241,821.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,727 shares of company stock valued at $4,695,460. 1.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Personal Financial Services purchased a new stake in Masco during the fourth quarter worth approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Masco during the fourth quarter worth approximately $114,000. Avestar Capital LLC purchased a new stake in Masco during the fourth quarter worth approximately $135,000. Tower Research Capital LLC TRC grew its stake in Masco by 299.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after buying an additional 2,772 shares during the period. Finally, Parsons Capital Management Inc. RI purchased a new stake in Masco during the fourth quarter worth approximately $204,000. Institutional investors own 90.09% of the company’s stock.

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About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

Analyst Recommendations for Masco (NYSE:MAS)

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