Masco (NYSE:MAS) Price Target Raised to $87.00

Masco (NYSE:MAS) had its target price hoisted by Barclays from $84.00 to $87.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MAS has been the subject of a number of other reports. Loop Capital upped their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and lowered their price target for the company from $96.00 to $89.00 in a report on Monday, December 16th. Royal Bank of Canada lowered shares of Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. UBS Group raised their target price on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI upped their price target on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.32.

Masco Trading Up 1.0 %

NYSE MAS opened at $78.42 on Wednesday. The company’s 50-day simple moving average is $76.42 and its two-hundred day simple moving average is $78.70. Masco has a one year low of $63.81 and a one year high of $86.70. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter last year, the business earned $0.83 EPS. Equities analysts forecast that Masco will post 4.09 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is currently 30.85%.

Hedge Funds Weigh In On Masco

A number of institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in shares of Masco in the fourth quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in Masco in the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in Masco during the 4th quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the 3rd quarter valued at about $38,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Masco in the fourth quarter worth about $42,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.