Masco (NYSE:MAS) had its target price increased by JPMorgan Chase & Co. from $42.00 to $45.00 in a research note released on Wednesday, BenzingaRatingsTable reports. They currently have a neutral rating on the construction company’s stock.

Other equities analysts have also issued research reports about the company. TheStreet lowered Masco from a b rating to a c+ rating in a research note on Friday, July 26th. Zacks Investment Research upgraded Masco from a sell rating to a hold rating and set a $44.00 price target for the company in a research note on Monday, July 29th. Raymond James set a $50.00 price target on Masco and gave the company a buy rating in a research note on Friday, July 26th. Royal Bank of Canada set a $45.00 price target on Masco and gave the company a buy rating in a research note on Friday, July 26th. Finally, Buckingham Research lowered Masco from a buy rating to a neutral rating and cut their price target for the company from $49.00 to $46.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $45.50.

Shares of Masco stock opened at $40.63 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 39.03. Masco has a twelve month low of $27.03 and a twelve month high of $43.59. The business has a 50-day moving average price of $40.24 and a 200 day moving average price of $39.19. The firm has a market cap of $12.01 billion, a PE ratio of 15.89, a P/E/G ratio of 1.74 and a beta of 1.41.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Masco’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that Masco will post 2.66 EPS for the current year.

Masco announced that its board has initiated a stock buyback program on Tuesday, September 17th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 16.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, October 11th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.33%. This is a boost from Masco’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, October 10th. Masco’s payout ratio is presently 19.20%.

In related news, CFO John G. Sznewajs sold 85,473 shares of Masco stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $40.88, for a total value of $3,494,136.24. Following the sale, the chief financial officer now directly owns 318,403 shares in the company, valued at approximately $13,016,314.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.17% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MAS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Masco by 178.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 232,630 shares of the construction company’s stock worth $9,128,000 after purchasing an additional 149,224 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Masco by 18.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,005 shares of the construction company’s stock worth $79,000 after purchasing an additional 315 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Masco by 5.0% during the 2nd quarter. Toronto Dominion Bank now owns 214,303 shares of the construction company’s stock worth $8,408,000 after purchasing an additional 10,286 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Masco by 13.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 144,044 shares of the construction company’s stock worth $5,652,000 after purchasing an additional 16,967 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Masco by 340.9% during the 2nd quarter. Mackenzie Financial Corp now owns 49,140 shares of the construction company’s stock worth $1,928,000 after purchasing an additional 37,994 shares during the last quarter. Institutional investors own 90.15% 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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