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

Masco (NYSE:MAS) had its price objective hoisted by UBS Group from $89.00 to $94.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research firms have also recently commented on MAS. Truist Financial boosted 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. Barclays boosted their target price on Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird cut their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company boosted their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Eight 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, Masco has a consensus rating of “Hold” and a consensus target price of $84.85.

Masco Trading Up 0.3 %

NYSE:MAS opened at $80.18 on Wednesday. Masco has a fifty-two week low of $53.44 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.12. The stock has a market capitalization of $17.30 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.24. The business’s 50-day simple moving average is $81.60 and its 200-day simple moving average is $74.53.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. Masco’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Sell-side analysts expect that Masco will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, November 8th. Masco’s payout ratio is presently 30.85%.

Insider Buying and Selling

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new stake in Masco in the 1st quarter valued at $25,000. Innealta Capital LLC bought a new stake in Masco in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in Masco in the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV boosted its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Masco in the 3rd quarter valued at $38,000. 93.91% of the stock is owned by institutional investors and hedge funds.

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.