Analysts Set Masco Co. (NYSE:MAS) Price Target at $72.15

Shares of Masco Co. (NYSE:MAS) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $72.15.

A number of equities analysts have recently weighed in on MAS shares. Royal Bank of Canada boosted their target price on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Loop Capital reduced their price objective on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Truist Financial lifted their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Oppenheimer began coverage on shares of Masco in a research report on Friday, January 19th. They set a “market perform” rating for the company. Finally, Citigroup lifted their price objective on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th.

Masco Trading Down 0.0 %

NYSE MAS opened at $70.66 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The business has a fifty day simple moving average of $74.34 and a 200 day simple moving average of $67.99. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The firm has a market capitalization of $15.56 billion, a P/E ratio of 17.32, a PEG ratio of 1.83 and a beta of 1.28.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Masco will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. Insiders have sold 83,762 shares of company stock valued at $6,337,597 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently made changes to their positions in MAS. Vanguard Group Inc. increased its stake in Masco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock worth $1,378,337,000 after acquiring an additional 298,116 shares during the last quarter. Harris Associates L P increased its position in shares of Masco by 1.5% in the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock worth $654,341,000 after purchasing an additional 140,334 shares during the last quarter. Boston Partners raised its stake in Masco by 1.8% in the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock valued at $615,282,000 after purchasing an additional 159,052 shares in the last quarter. Van ECK Associates Corp lifted its position in Masco by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock valued at $373,411,000 after purchasing an additional 254,040 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Masco by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock worth $210,325,000 after buying an additional 145,472 shares in the last quarter. Hedge funds and other institutional investors 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.