Masco (NYSE:MAS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Masco (NYSE:MAS) had its target price increased by JPMorgan Chase & Co. from $80.00 to $83.50 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company’s stock.

MAS has been the topic of several other research reports. Loop Capital lifted their price target on shares of Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Robert W. Baird decreased their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI boosted their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.96.

Masco Trading Up 1.3 %

Shares of Masco stock opened at $80.97 on Tuesday. The business has a fifty day simple moving average of $81.74 and a 200-day simple moving average of $74.83. Masco has a fifty-two week low of $55.13 and a fifty-two week high of $86.70. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. Masco’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, equities analysts forecast that Masco will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio (DPR) is 30.85%.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MAS. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Masco by 14.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after buying an additional 67,806 shares during the last quarter. Quantbot Technologies LP bought a new stake in Masco in the first quarter worth approximately $1,903,000. Manning & Napier Advisors LLC acquired a new position in shares of Masco during the 2nd quarter worth $82,363,000. Vanguard Group Inc. raised its holdings in shares of Masco by 2.8% during 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 in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Masco by 119.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after purchasing an additional 157,711 shares during the last quarter. Hedge funds and other 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.