The Latest Breaking News from Masco

Barclays analyst Matthew Bouley lowered the price target on Masco Corp (NYSE:MAS) to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares. Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and elevated costs driving the headwinds; however, the pricing implementation into 2022 is likely…

Masco (NYSE:MAS) has observed the following analyst ratings within the last quarter:

According to Benzinga Pro, during Q4, Masco (NYSE:MAS) earned $140.00 million, a 41.42% increase from the preceding quarter. Masco's sales decreased to $2.02 billion, a 8.26% change since Q3.

Masco Corp (NYSE:MAS) reported fourth-quarter FY21 net sales growth of 8.7% year-over-year to $2.02 billion, beating the consensus of $1.95 billion. In local currency, North American sales increased 11% Y/Y, and international sales rose 3% Y/Y. The gross margin contracted by 490 bps to 30.6%. The operating income decreased by 29% Y/Y to…