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

Masco (NYSE:MASFree Report) had its target price hoisted by Wells Fargo & Company from $90.00 to $92.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other brokerages have also issued reports on MAS. Citigroup decreased their target price on Masco from $73.00 to $66.00 and set a neutral rating for the company in a research report on Thursday, July 11th. Jefferies Financial Group lifted their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a buy rating in a research report on Wednesday, July 17th. BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the stock a market perform rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price objective on Masco from $78.00 to $79.00 and gave the company an outperform rating in a report on Friday, July 26th. Finally, StockNews.com raised Masco from a hold rating to a buy rating in a research report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $80.58.

Get Our Latest Stock Analysis on Masco

Masco Stock Up 0.9 %

MAS opened at $83.98 on Monday. Masco has a fifty-two week low of $47.66 and a fifty-two week high of $84.69. The firm has a market capitalization of $18.50 billion, a P/E ratio of 20.58, a PEG ratio of 2.59 and a beta of 1.24. The company’s 50-day moving average is $79.02 and its 200 day moving average is $73.75. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12.

Masco (NYSE:MASGet Free Report) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 EPS. Research analysts expect that Masco will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is 28.43%.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the 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 sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Masco

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in shares of Masco by 102.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,502 shares of the construction company’s stock valued at $2,110,000 after acquiring an additional 15,922 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Masco by 716.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 22,895 shares of the construction company’s stock valued at $1,534,000 after purchasing an additional 20,092 shares during the last quarter. Cibc World Markets Corp grew its stake in Masco by 132.8% in the 4th quarter. Cibc World Markets Corp now owns 28,907 shares of the construction company’s stock worth $1,936,000 after buying an additional 16,492 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Masco by 148.3% in the 4th quarter. Quadrature Capital Ltd now owns 25,938 shares of the construction company’s stock worth $1,737,000 after buying an additional 15,493 shares during the last quarter. Finally, Ossiam raised its position in shares of Masco by 16.3% during the 4th quarter. Ossiam now owns 14,304 shares of the construction company’s stock valued at $958,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Company Profile

(Get Free Report)

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.

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