Masco (NYSE:MAS) PT Raised to $92.00 at Barclays

Masco (NYSE:MAS) had its price objective upped by research analysts at Barclays from $88.00 to $92.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s target price points to a potential upside of 9.93% from the stock’s current price.

MAS has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Citigroup reduced their target price 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. Wells Fargo & Company lifted their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group upped their price objective on Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Truist Financial raised their target price on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Masco has a consensus rating of “Moderate Buy” and an average price target of $79.75.

Masco Stock Up 0.6 %

NYSE:MAS traded up $0.48 on Wednesday, hitting $83.69. The stock had a trading volume of 72,784 shares, compared to its average volume of 1,829,023. Masco has a 1 year low of $47.66 and a 1 year high of $84.69. The firm’s fifty day simple moving average is $78.90 and its two-hundred day simple moving average is $73.68. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The stock has a market cap of $18.43 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24.

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

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MAS. Mitsubishi UFJ Trust & Banking Corp grew its position in Masco by 14.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after buying an additional 67,806 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Masco in the first quarter worth approximately $1,903,000. Manning & Napier Advisors LLC bought a new position in shares of Masco in the second quarter worth approximately $82,363,000. Vanguard Group Inc. raised its stake in Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares in the last quarter. Finally, Harris Associates L P lifted its position in Masco by 1.5% during the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock valued at $654,341,000 after purchasing an additional 140,334 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.