Masco Corporation (NYSE:MAS) in Spotlight

[PRNewswire] Masco Corporation (NYSE:MAS)(TREND ANALYSIS) announced that the new independent publicly-traded company that will be separated from Masco upon completion of the spin-off of Masco’s Installation and Other Services businesses will be named TopBuild Corp. and will be listed on the New York Stock Exchange under the ticker symbol BLD.

TopBuild will be comprised of the Masco Contractor Services (MCS) business, a leading installer of insulation in the U.S., and Service Partners, a leading distributor of residential insulation products and related accessories in the U.S. These combined businesses reported revenue of $1.5 billion in 2014 and achieved a compounded annual revenue growth rate of nearly 11 percent since 2010.  TopBuild will have over 190 installation branch locations and over 70 distribution centers across the U.S. and will be headquartered in Central Florida.

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Masco Corporation (MAS) reported last quarter earnings figures on February 09th. The company announced actual earnings per share of $0.24 against the consensus Street estimate of $0.2. This represents a year-on-year increase of earning per share of $0.09 from corresponding quarter of last year. Masco Corporation posted revenue of $2.06 billion.

The company is currently valued at $9.36 billion and closed the last trading session at $26.79. The stock has 50-day moving average of $25.88 and a 200-day moving average of $23.7.

Masco Corporation (NYSE:MAS) is currently trading 2.23% below its 52-week-high, 37.38% above its 52-week-low and in the range of $25.49-$27.09 over the past month. The 1-year range for the stock is $19.5-$27.4. Masco Corporation (MAS) has a price to book ratio of 10 versus S&P 500 average of 2.88. The company’s share price has outperformed the S&P 500 year to date by over 4.65%.

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There are currently twenty-four analysts that we track that cover MAS. Of those twenty-four, eleven have a buy rating, thirteen have a hold rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $28.4 which represents an upside of 6.01% from the last closing price of $26.79.

Raymond James reiterated their outperform stance on March 23rd, with a target price of $29, which represents an upside of 8.25% from the last closing price. Another research firm, Morningstar, Inc, maintained their hold stance on the same day. Finally, EVA Dimensions upgraded their recommendation tooverweight on February 20th.

Company Profile

Masco Corporation manufactures, and sells home improvement and building products. The Company’s products include faucets, kitchen and bath cabinets, architectural coatings, and builders’ hardware products. Masco sells its products through mass merchandisers, home centers, hardware stores, and other wholesale and retail outlets to consumers and contractors.

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