Masco (NYSE:MAS) Price Target Raised to $93.00

Masco (NYSE:MAS) had its target price increased by analysts at Barclays from $92.00 to $93.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 15.17% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. 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. UBS Group raised their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $79.00 to $80.00 in a report on Wednesday. StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Masco Stock Down 0.7 %

NYSE:MAS traded down $0.55 during midday trading on Wednesday, hitting $80.75. 1,017,719 shares of the company were exchanged, compared to its average volume of 1,809,401. Masco has a fifty-two week low of $51.72 and a fifty-two week high of $86.70. The company has a market capitalization of $17.78 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The company has a fifty day simple moving average of $81.52 and a 200 day simple moving average of $74.41.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, equities analysts anticipate that Masco will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Masco

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in Masco in the 1st quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Masco in the second quarter valued at $25,000. Family Firm Inc. purchased a new position in shares of Masco in the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV raised its stake 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 buying an additional 179 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after buying an additional 500 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.