Masco Corporation (NYSE:MAS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

MAS has been the subject of several other research reports. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 price target on shares of Masco Corporation in a report on Friday, March 17th. Longbow Research upgraded Masco Corporation from a “neutral” rating to a “buy” rating and set a $42.00 price target for the company in a report on Thursday, April 6th. Royal Bank Of Canada upped their price target on Masco Corporation from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Deutsche Bank AG upped their price target on Masco Corporation from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, MKM Partners reiterated a “buy” rating and set a $43.00 price target (up previously from $40.00) on shares of Masco Corporation in a report on Friday, May 19th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Masco Corporation has a consensus rating of “Buy” and a consensus price target of $39.76.

Analyst Recommendations for Masco Corporation (NYSE:MAS)

Masco Corporation (NYSE:MAS) traded down 0.03% during trading on Friday, hitting $38.58. 3,651,933 shares of the company traded hands. Masco Corporation has a 12-month low of $29.11 and a 12-month high of $38.87. The stock has a 50-day moving average price of $37.17 and a 200-day moving average price of $34.23. The firm has a market capitalization of $12.20 billion, a P/E ratio of 24.42 and a beta of 1.58.

Masco Corporation (NYSE:MAS) last announced its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Masco Corporation had a return on equity of 19,054.54% and a net margin of 7.04%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. Masco Corporation’s revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Masco Corporation will post $1.96 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Masco Corporation (MAS) Stock Rating Upgraded by BidaskClub” was originally posted by Financial Market News and is the property of of Financial Market News. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.financial-market-news.com/2017/06/17/masco-corporation-mas-stock-rating-upgraded-by-bidaskclub.html.

In other news, VP Renee Straber sold 4,452 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the transaction, the vice president now owns 65,961 shares of the company’s stock, valued at approximately $2,544,775.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Michael Losh sold 2,084 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $34.54, for a total value of $71,981.36. Following the transaction, the director now directly owns 66,356 shares in the company, valued at approximately $2,291,936.24. The disclosure for this sale can be found here. Insiders have sold a total of 196,485 shares of company stock worth $7,276,653 in the last ninety days. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tredje AP fonden boosted its position in shares of Masco Corporation by 0.4% in the fourth quarter. Tredje AP fonden now owns 15,124 shares of the construction company’s stock worth $478,000 after buying an additional 64 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Masco Corporation by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,126 shares of the construction company’s stock worth $174,000 after buying an additional 106 shares in the last quarter. Bollard Group LLC boosted its position in shares of Masco Corporation by 0.3% in the first quarter. Bollard Group LLC now owns 42,445 shares of the construction company’s stock worth $1,443,000 after buying an additional 124 shares in the last quarter. BB&T Securities LLC boosted its position in shares of Masco Corporation by 1.0% in the first quarter. BB&T Securities LLC now owns 16,310 shares of the construction company’s stock worth $554,000 after buying an additional 156 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Masco Corporation by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,500 shares of the construction company’s stock worth $206,000 after buying an additional 176 shares in the last quarter. 89.37% of the stock is currently owned by hedge funds and other institutional investors.

Masco Corporation Company Profile

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.