Barclays Cuts Masco (NYSE:MAS) Price Target to $65.00

Masco (NYSE:MAS) had its target price lowered by Barclays from $71.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price suggests a potential upside of 4.76% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 11th. Citigroup raised their price target on shares of Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Oppenheimer reaffirmed an “outperform” rating and set a $88.00 price target on shares of Masco in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Finally, Zelman & Associates cut shares of Masco to a “hold” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Masco currently has a consensus rating of “Hold” and a consensus price target of $76.93.

Masco Stock Up 5.0%

Shares of Masco stock traded up $2.95 during trading on Wednesday, hitting $62.05. The company’s stock had a trading volume of 906,086 shares, compared to its average volume of 2,591,373. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. The company has a fifty day simple moving average of $66.78 and a two-hundred day simple moving average of $66.26. The company has a market capitalization of $12.59 billion, a PE ratio of 16.11, a P/E/G ratio of 1.68 and a beta of 1.29. Masco has a 52 week low of $56.55 and a 52 week high of $79.19.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.82 billion. Masco had a net margin of 10.71% and a return on equity of 856.70%. Masco’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts predict that Masco will post 4.34 earnings per share for the current year.

Masco declared that its board has approved a stock repurchase program on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 747 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the transaction, the chief accounting officer owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Masco

Several hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its holdings in shares of Masco by 20.7% in the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Masco by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after purchasing an additional 143 shares during the last quarter. Andina Capital Management LLC increased its position in Masco by 2.4% in the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after purchasing an additional 154 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Masco by 1.4% in the third quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock worth $854,000 after purchasing an additional 162 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in Masco by 3.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.