Shares of Masco Corp (NYSE:MAS) have earned an average recommendation of “Buy” from the eighteen analysts that are currently covering the company, Analyst Ratings Net reports. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $29.77.

Shares of Masco Corp (NYSE:MAS) opened at 25.42 on Tuesday. Masco Corp has a one year low of $21.63 and a one year high of $30.61. The stock has a market capitalization of $8.44 billion and a P/E ratio of 23.54. The stock’s 50 day moving average is $26.97 and its 200-day moving average is $27.06.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Friday, January 8th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.49%. This is a positive change from Masco Corp’s previous quarterly dividend of $0.08.

Several equities research analysts recently weighed in on the stock. Evercore ISI raised shares of Masco Corp from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird raised shares of Masco Corp from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Friday, January 22nd. Raymond James reduced their price objective on shares of Masco Corp from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, January 21st. Zacks Investment Research raised shares of Masco Corp from a “sell” rating to a “hold” rating in a report on Thursday, January 21st. Finally, Barclays reduced their price objective on shares of Masco Corp from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, January 20th.

In other news, Director Richard A. Manoogian sold 150,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $29.32, for a total value of $4,398,000.00. Following the transaction, the director now owns 814,611 shares in the company, valued at approximately $23,884,394.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 4,982 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $29.23, for a total value of $145,623.86. Following the completion of the transaction, the chief financial officer now owns 200,202 shares in the company, valued at approximately $5,851,904.46. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Simplex Trading increased its position in shares of Masco Corp by 57.1% in the fourth quarter. Simplex Trading now owns 11 shares of the company’s stock worth $0 after buying an additional 4 shares in the last quarter. River & Mercantile Asset Management acquired a new position in shares of Masco Corp during the fourth quarter worth $76,000. BB&T Securities acquired a new position in shares of Masco Corp during the fourth quarter worth $275,000. Meeder Asset Management increased its position in shares of Masco Corp by 247.9% in the fourth quarter. Meeder Asset Management now owns 11,927 shares of the company’s stock worth $337,000 after buying an additional 8,499 shares in the last quarter. Finally, Sentry Investment Management acquired a new position in shares of Masco Corp during the fourth quarter worth $356,000.

Masco Corporation manufactures, distributes and installs home improvement and building products. The Company’s segments include Cabinets and Related Products, Plumbing Products, Installation and Other Services, Decorative Architectural Products and Other Specialty Products. Its Cabinets and Related Products includes assembled kitchen and bath cabinets, and home office workstations, entertainment centers, storage products; bookcases, and kitchen utility products. Its Plumbing Products include faucets, plumbing fittings and valves, showerheads and hand showers, bathtubs and shower enclosures, toilets and spas. The Installation and Other Services includes the sale, installation and distribution of insulation and other building products. Its Decorative Architectural Products include paints and stains, and cabinet, door, window and other hardware. Its Other Specialty Products include windows, window frame components and patio doors, staple gun tackers, staples and other fastening tools.

12 Month Chart for NYSE:MAS

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