BMO Capital Markets Raises Masco (NYSE:MAS) Price Target to $85.00

Masco (NYSE:MAS) had its price target raised by stock analysts at BMO Capital Markets from $78.00 to $85.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ price objective points to a potential upside of 3.68% from the company’s current price.

MAS has been the topic of several other reports. Robert W. Baird raised their price objective on Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. Truist Financial increased their price objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their target price on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Barclays upped their price objective on shares of Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.75.

Masco Stock Performance

Shares of NYSE:MAS opened at $81.98 on Tuesday. The firm has a market capitalization of $18.06 billion, a PE ratio of 20.09, a P/E/G ratio of 2.64 and a beta of 1.24. Masco has a 12 month low of $47.66 and a 12 month high of $86.70. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The business has a 50-day moving average of $80.97 and a two-hundred day moving average of $74.16.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Masco’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts forecast 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 dated 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

Institutional investors have recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the 1st quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of Masco in the 2nd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV boosted its position in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares during the period. Finally, Larson Financial Group LLC grew its stake in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after buying an additional 500 shares during the last quarter. 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.