Masco (NYSE:MAS) Price Target Raised to $92.00 at Truist Financial

Masco (NYSE:MAS) had its price target lifted by Truist Financial from $84.00 to $92.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Robert W. Baird cut their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group increased their price target on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $79.00 to $80.00 in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus price target of $84.85.

Masco Stock Performance

Shares of Masco stock opened at $80.34 on Wednesday. The firm has a 50 day simple moving average of $81.56 and a 200 day simple moving average of $74.45. Masco has a fifty-two week low of $51.72 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The firm has a market cap of $17.69 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS) last released its 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 602.39% and a net margin of 11.59%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that Masco will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Masco

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Donald L. Hagan LLC increased its holdings in Masco by 2.9% during the 3rd quarter. Donald L. Hagan LLC now owns 19,584 shares of the construction company’s stock worth $1,644,000 after purchasing an additional 553 shares in the last quarter. Crescent Grove Advisors LLC grew its holdings in shares of Masco by 57.4% during the third quarter. Crescent Grove Advisors LLC now owns 8,972 shares of the construction company’s stock worth $753,000 after buying an additional 3,272 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Masco by 22.3% during the third quarter. QRG Capital Management Inc. now owns 413,896 shares of the construction company’s stock worth $34,742,000 after buying an additional 75,503 shares in the last quarter. National Pension Service raised its position in Masco by 9.7% in the 3rd quarter. National Pension Service now owns 445,459 shares of the construction company’s stock valued at $37,392,000 after buying an additional 39,304 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Masco in the 3rd quarter valued at approximately $77,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.