Masco (NYSE:MAS) Price Target Raised to $95.00

Masco (NYSE:MAS) had its price target raised by Robert W. Baird from $88.00 to $95.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Several other research analysts have also weighed in on MAS. Jefferies Financial Group increased their price objective on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price objective on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Citigroup dropped their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Wells Fargo & Company upped their price objective on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.75.

Masco Trading Down 0.3 %

Shares of MAS stock opened at $81.98 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco has a twelve month low of $47.66 and a twelve month high of $86.70. The company’s 50-day moving average price is $80.97 and its 200-day moving average price is $74.16. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. As a group, equities analysts predict that Masco will post 4.11 earnings per share for the current year.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC raised its holdings in Masco by 2.5% in the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock valued at $435,000 after acquiring an additional 137 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after purchasing an additional 142 shares during the last quarter. American National Bank & Trust raised its holdings in shares of Masco by 1.0% in the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 142 shares in the last quarter. BOKF NA grew its stake in shares of Masco by 2.5% during the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after purchasing an additional 149 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its holdings in Masco by 2.9% in the third quarter. Trust Co. of Toledo NA OH now owns 5,509 shares of the construction company’s stock valued at $462,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.