Robert W. Baird Increases Masco (NYSE:MAS) Price Target to $95.00

Masco (NYSE:MAS) had its price target hoisted by analysts at Robert W. Baird from $88.00 to $95.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective suggests a potential upside of 15.57% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Citigroup lowered their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Barclays upped their price target on Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.75.

Masco Stock Down 2.4 %

MAS stock opened at $82.20 on Monday. The company has a 50 day moving average of $80.81 and a two-hundred day moving average of $74.13. The company has a market cap of $18.10 billion, a price-to-earnings ratio of 20.15, a PEG 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 quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (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 firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that Masco will post 4.11 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Masco

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Masco by 14.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after acquiring an additional 67,806 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Masco during the first quarter valued at approximately $1,903,000. Manning & Napier Advisors LLC bought a new stake in shares of Masco in the 2nd quarter valued at approximately $82,363,000. Vanguard Group Inc. raised its holdings in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after buying an additional 721,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Masco by 119.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock worth $22,885,000 after buying an additional 157,711 shares in 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.