Longbow Research downgraded shares of Masco (NYSE:MAS) from a buy rating to a neutral rating in a research report released on Friday, MarketBeat Ratings reports.

Several other research analysts have also recently weighed in on MAS. ValuEngine cut Masco from a hold rating to a sell rating in a report on Monday, June 18th. Citigroup upgraded Masco from a neutral rating to a buy rating and set a $43.00 target price on the stock in a report on Tuesday, June 19th. Zacks Investment Research lowered shares of Masco from a hold rating to a sell rating in a research report on Tuesday, June 26th. Royal Bank of Canada assumed coverage on shares of Masco in a research report on Wednesday, June 27th. They set a sector perform rating on the stock. Finally, Wells Fargo & Co reaffirmed a buy rating on shares of Masco in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Masco presently has a consensus rating of Buy and a consensus price target of $45.67.

Shares of Masco stock traded down $0.31 on Friday, hitting $32.29. 6,370,098 shares of the company were exchanged, compared to its average volume of 3,412,676. The stock has a market cap of $11.25 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.99 and a beta of 1.39. Masco has a 1-year low of $31.88 and a 1-year high of $46.44. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10.

Masco (NYSE:MAS) last issued its earnings results on Tuesday, July 31st. The construction company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. Masco had a return on equity of 490.27% and a net margin of 7.41%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts expect that Masco will post 2.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Friday, October 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, October 11th. This is a positive change from Masco’s previous quarterly dividend of $0.11. Masco’s payout ratio is presently 21.65%.

In other Masco news, insider Joseph B. Gross sold 1,286 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the sale, the insider now owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the sale, the chief financial officer now directly owns 237,578 shares in the company, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acropolis Investment Management LLC acquired a new position in shares of Masco during the third quarter worth $146,000. Kovack Advisors Inc. acquired a new position in shares of Masco during the third quarter worth $200,000. Capital Investment Advisors LLC acquired a new position in shares of Masco during the second quarter worth $202,000. Atria Investments LLC acquired a new position in shares of Masco during the third quarter worth $207,000. Finally, Point72 Hong Kong Ltd grew its stake in shares of Masco by 8,377.3% during the second quarter. Point72 Hong Kong Ltd now owns 5,595 shares of the construction company’s stock worth $209,000 after purchasing an additional 5,529 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Masco (NYSE:MAS)

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