Masco (NYSE:MAS) Stock Price Expected to Rise, Barclays Analyst Says

Masco (NYSE:MAS) had its price target raised by equities researchers at Barclays from $92.00 to $93.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential upside of 15.17% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Evercore ISI boosted their price target on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research report on Wednesday. StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Citigroup cut their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Truist Financial upped their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Masco Price Performance

MAS stock traded down $0.55 during midday trading on Wednesday, reaching $80.75. The stock had a trading volume of 1,017,719 shares, compared to its average volume of 1,809,401. Masco has a 52-week low of $51.72 and a 52-week high of $86.70. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company’s fifty day simple moving average is $81.52 and its 200 day simple moving average is $74.41. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $1.00 earnings per share. Masco’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Masco will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other Masco 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 transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Masco by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after purchasing an additional 181,515 shares in the last quarter. Van ECK Associates Corp increased its holdings in Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares during the last quarter. Impax Asset Management Group plc raised its stake in Masco by 10.0% in the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after buying an additional 259,205 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in Masco by 16.6% during the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after buying an additional 319,029 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

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.