Masco (NYSE:MAS) PT Raised to $85.00

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

A number of other research analysts have also weighed in on MAS. Royal Bank of Canada upped their price objective on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Truist Financial increased their price target on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup dropped their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.75.

Masco Stock Down 0.3 %

Shares of Masco stock opened at $81.98 on Tuesday. Masco has a one year low of $47.66 and a one year high of $86.70. The company has a market cap of $18.06 billion, a P/E ratio of 20.09, a PEG ratio of 2.64 and a beta of 1.24. 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 firm has a fifty day moving average of $80.97 and a two-hundred day moving average of $74.16.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts forecast 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 business’s 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 of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of Masco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. purchased a new position in shares of Masco during the 1st quarter worth $25,000. Innealta Capital LLC acquired a new stake in Masco in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new stake in Masco in the 2nd quarter valued at about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 500 shares during the period. 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.