Citigroup Issues Pessimistic Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target decreased by equities research analysts at Citigroup from $72.00 to $71.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective would suggest a potential upside of 5.65% from the stock’s current price.

MAS has been the topic of several other reports. Wells Fargo & Company raised Masco from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Monday, December 15th. Argus reduced their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Vertical Research began coverage on Masco in a report on Monday, October 20th. They set a “hold” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Finally, Barclays reiterated an “equal weight” rating and issued a $71.00 price objective (down previously from $76.00) on shares of Masco in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.13.

Masco Price Performance

NYSE:MAS traded up $2.91 during mid-day trading on Thursday, hitting $67.21. 2,448,439 shares of the stock traded hands, compared to its average volume of 2,237,959. The business’s 50-day moving average price is $63.37 and its 200 day moving average price is $67.35. The company has a market cap of $13.96 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.66 and a beta of 1.28. Masco has a 12-month low of $56.55 and a 12-month high of $82.18. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, analysts expect that Masco will post 4.34 EPS for the current fiscal year.

Institutional Trading of Masco

Several hedge funds and other institutional investors have recently modified their holdings of the company. UniSuper Management Pty Ltd boosted its holdings in Masco by 7.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 30,876 shares of the construction company’s stock valued at $2,147,000 after purchasing an additional 2,041 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Masco in the 1st quarter valued at about $299,000. Advisory Alpha LLC acquired a new position in Masco during the first quarter worth $264,000. Ransom Advisory Ltd bought a new position in Masco in the first quarter valued at approximately $68,000. Finally, Focus Partners Wealth raised its holdings in shares of Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

About Masco

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.