Masco (NYSE:MAS) Price Target Lowered to $94.00 at Robert W. Baird

Masco (NYSE:MAS) had its target price lowered by Robert W. Baird from $95.00 to $94.00 in a report issued on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on MAS. Barclays raised their target price on Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Citigroup cut their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their target price on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. 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 note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.85.

Masco Price Performance

NYSE:MAS opened at $80.18 on Wednesday. Masco has a one year low of $53.44 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83. The stock has a market cap of $17.30 billion, a PE ratio of 21.32, a P/E/G ratio of 2.58 and a beta of 1.24. The stock has a 50 day moving average price of $81.60 and a 200 day moving average price of $74.53.

Masco (NYSE:MAS) last posted 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 return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Masco will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.45%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Masco by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 539,398 shares of the construction company’s stock worth $42,548,000 after buying an additional 7,064 shares during the last quarter. Norden Group LLC purchased a new stake in Masco during the 1st quarter worth about $389,000. First Trust Direct Indexing L.P. purchased a new stake in Masco during the 1st quarter worth about $211,000. SpiderRock Advisors LLC purchased a new stake in Masco during the 1st quarter worth about $268,000. Finally, Diversify Advisory Services LLC purchased a new stake in Masco during the 1st quarter worth about $221,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

About Masco

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.