Masco (NYSE:MAS) Given New $92.00 Price Target at Truist Financial

Masco (NYSE:MAS) had its target price lifted by Truist Financial from $84.00 to $92.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other analysts have also issued reports on MAS. Citigroup lowered their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. UBS Group raised their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $79.00 to $80.00 in a research note on Wednesday. StockNews.com upgraded shares of Masco from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird cut their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday. Eight 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.85.

Masco Price Performance

Shares of Masco stock opened at $80.34 on Wednesday. Masco has a 1-year low of $51.72 and a 1-year high of $86.70. The firm has a fifty day simple moving average of $81.56 and a 200-day simple moving average of $74.45. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS) last released its 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. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, sell-side analysts expect that Masco will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio is 28.43%.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

Several large investors have recently made changes to their positions in MAS. New Covenant Trust Company N.A. acquired a new position in Masco in the first quarter valued at about $25,000. Innealta Capital LLC acquired a new position in shares of Masco in the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Masco in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC grew its position in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after acquiring an additional 500 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Masco during the 1st quarter valued at $44,000. 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.