Jefferies Financial Group Increases Masco (NYSE:MAS) Price Target to $96.00

Masco (NYSE:MAS) had its price objective upped by equities research analysts at Jefferies Financial Group from $89.00 to $96.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.52% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial upped their target price on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup dropped their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Robert W. Baird upped their target price on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.58.

Masco Stock Performance

Shares of MAS stock opened at $83.10 on Wednesday. The stock has a fifty day moving average price of $79.16 and a 200 day moving average price of $73.81. The stock has a market cap of $18.30 billion, a PE ratio of 20.37, a P/E/G ratio of 2.59 and a beta of 1.24. Masco has a 1 year low of $47.66 and a 1 year high of $84.69. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that Masco will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of Masco by 2.5% in the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after acquiring an additional 137 shares in the last quarter. HB Wealth Management LLC raised its stake in Masco by 3.6% during the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock valued at $275,000 after buying an additional 142 shares in the last quarter. American National Bank & Trust raised its stake in Masco by 1.0% during the third quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock valued at $1,246,000 after buying an additional 142 shares in the last quarter. Finally, BOKF NA raised its stake in Masco by 2.5% during the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.