Loop Capital Increases Masco (NYSE:MAS) Price Target to $87.00

Masco (NYSE:MAS) had its target price raised by equities research analysts at Loop Capital from $76.00 to $87.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Loop Capital’s price target would suggest a potential upside of 8.87% from the company’s current price.

MAS has been the subject of several other reports. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $79.00 to $80.00 in a report on Wednesday. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.85.

Masco Price Performance

MAS opened at $79.91 on Wednesday. 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 capitalization of $17.60 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.78 and a beta of 1.24. The company’s 50-day simple moving average is $81.56 and its two-hundred day simple moving average is $74.45. Masco has a 52-week low of $51.72 and a 52-week high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that Masco will post 4.1 EPS for the current year.

Insiders Place Their Bets

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 completion of the sale, the vice president now 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Olympiad Research LP acquired a new stake in shares of Masco during the third quarter worth about $297,000. Principal Financial Group Inc. lifted its holdings in Masco by 2.8% in the third quarter. Principal Financial Group Inc. now owns 263,155 shares of the construction company’s stock valued at $22,089,000 after acquiring an additional 7,089 shares during the period. Montecito Bank & Trust lifted its holdings in Masco by 125.4% in the third quarter. Montecito Bank & Trust now owns 11,778 shares of the construction company’s stock valued at $989,000 after acquiring an additional 6,553 shares during the period. Donald L. Hagan LLC lifted its holdings in Masco by 2.9% in the third quarter. Donald L. Hagan LLC now owns 19,584 shares of the construction company’s stock valued at $1,644,000 after acquiring an additional 553 shares during the period. Finally, Crescent Grove Advisors LLC lifted its holdings in Masco by 57.4% in the third quarter. Crescent Grove Advisors LLC now owns 8,972 shares of the construction company’s stock valued at $753,000 after acquiring an additional 3,272 shares during the period. Institutional investors and hedge funds 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.