Masco Corporation (MAS) has actively been partaking in investor conferences via fireside chats.
Stock activity shows slight volatility, with multiple financial institutions adjusting their holdings in MAS. Notably, Amalgamated Bank cuts its position while international institutions like National Pension Services and International Assets Investment Management, among others, widen theirs. On company operations, an insider sale involving Director Stevens Charles K. III was noticed. There was considerable chatter about Masco's third quarter 2024 performance; results indicated
strong margins amid market challenges, matching earnings estimates with the adjusted EPS standing at $1.08. This performance, mixed with strategic moves – such as the completion of the Kichler Lighting Sale – bolstered stock performance, despite the company underperforming the market on some days. Over a three month period, the
MAS stock soared by 27%, raising its pricing target to $83.50, by JPMorgan Chase & Co., and later to $85.00 by BMO Capital Markets. However, the EPS outlook was lowered due to an earnings miss where MAS missed Q3 sales targets. Analysts however, maintain a 'Moderate Buy' recommendation.
Masco Corporation MAS News Analytics from Mon, 12 Feb 2024 14:47:27 GMT to Sat, 09 Nov 2024 09:18:45 GMT -
Rating 7
- Innovation -1
- Information 8
- Rumor 1
