Masco Corporation (MAS) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Masco Corporation (NYSE: MAS), headquartered in Livonia, Michigan, is a premier player in the building products industry. Established in 1929, the company specializes in the design, manufacture, and distribution of an array of home improvement products and operates mainly through two segments: Plumbing Products and Decorative Architectural Products. Under its Plumbing Products segment, Masco offers renowned brands such as DELTA and HANSGROHE, providing high-quality faucets and showerheads. In the Decorative Architectural Products segment, the company is recognized for its paints and decorative hardware under brands like BEHR and LIBERTY. With approximately $7.88 billion in total revenue, Masco showcases robust market potential and financial stability as a key player in the Industrials sector.
Financial Performance & Stock Analysis
As of the latest analysis, Masco’s stock is priced at $82.11, close to its target mean price of $82.60, implying potential for upward movement. Analysts project a target high price of $90.00 and a target low price of $68.00, reflecting a promising but cautious outlook on the stock’s performance. Notably, the short percent of float is only 2.13%, suggesting that bearish sentiment on the stock is minimal, with most investors maintaining confidence in Masco’s trajectory.
Masco has 218,248,992 shares outstanding, with 217,166,325 shares available for public trading, indicating that liquidity is somewhat limited. Despite this, the company demonstrates a stable financial landscape, attributed to its impressive revenue figures. Currently trading approximately $0.50 below the target mean price, Masco positions itself favorably in the market, supported by a robust recommendation rating averaging 2.5 across several analyst opinions.
Market Sentiment & Future Outlook
The stock’s performance is underscored by a strong bullish trend, nearing its fifty-two week high of $83.56 while recovering significantly from its low of $47.66 over the past year. The fifty-day moving average stands at $76.543, indicating that Masco has been trading consistently above this average, reinforcing a positive outlook.
As of now, the consensus among analysts leans toward a “buy” recommendation, fueled by optimism regarding the company’s growth potential and overall stability. With a growing interest in Masco’s offerings, driven by the ongoing trends in home improvement and construction, investors may find favorable returns in investing in this established player in the building products industry.
| Metric | Value |
|---|---|
| Market Cap | $17.9b |
| Total Debt | $3.2b |
| Total Cash | $398.0m |
| Shares Outstanding | 218.2m |
| Float Shares | 217.2m |
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