Masco Corp Receives a Buy from B.Riley FBR

By Carrie Williams

B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Masco Corp (NYSE: MAS) today and set a price target of $50. The company’s shares closed yesterday at $40.70.

Rygiel wrote:

“On February 8, 2018, Masco announced 4Q17 and full year 2017 results, which were better than our estimates and those of consensus. Revenue in 4Q17 was $1.87B (+7% Y/Y , +5% Y/Y excluding fx benefits), with adjusted EBIT of $265M (+20% Y/Y). Adjusted EPS were $0.44 (vs. $0.33 in 4Q16), ahead of our $0.42 estimate and consensus of $0.43. For the full year, revenue was $7.6B (+4% Y/Y), with adjusted EBIT of $1.17B (+9% Y/Y) and EBIT margins of 15.3%, the highest in the past 15 years for the company. Adjusted EPS were $1.94 vs. $1.51 in 2016. MAS continues to invest in its businesses for growth and more efficient operations, make acquisitions and repurchase shares with its strong FCF. We are adjusting our estimates for 2017 to account for various investments and the acquisition of L.D. Kichler as well as a modestly higher tax rate, resulting in no change to our EPS estimate of $2.56.”

According to, Rygiel is a 5-star analyst with an average return of 14.2% and a 67.8% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Jacobs Engineering, and Tutor Perini Corp.

Masco Corp has an analyst consensus of Moderate Buy, with a price target consensus of $49.40.

The company has a one-year high of $45.55 and a one-year low of $31.29. Currently, Masco Corp has an average volume of 2.74M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

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Masco Corp. engages in the design, manufacture, marketing, and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products.