Masco (NYSE:MAS) Price Target Raised to $92.00

Masco (NYSE:MAS) had its price target upped by Wells Fargo & Company from $90.00 to $92.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MAS has been the subject of several other research reports. Barclays raised their target price on shares of Masco from $79.00 to $88.00 and gave the stock an overweight rating in a research note on Friday, July 26th. Citigroup lowered their price objective on Masco from $73.00 to $66.00 and set a neutral rating on the stock in a report on Thursday, July 11th. BMO Capital Markets increased their target price on Masco from $75.00 to $78.00 and gave the stock a market perform rating in a research note on Wednesday, July 31st. Jefferies Financial Group lifted their price target on Masco from $83.00 to $86.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Finally, Truist Financial increased their price objective on Masco from $81.00 to $84.00 and gave the stock a buy rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $80.58.

Masco Stock Performance

NYSE MAS opened at $83.10 on Monday. The firm has a market cap of $18.14 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.64 and a beta of 1.24. Masco has a 52-week low of $47.66 and a 52-week high of $84.69. The business’s 50-day moving average price is $79.16 and its 200 day moving average price is $73.81. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts expect that Masco will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, August 2nd. Masco’s payout ratio is currently 28.36%.

Insider Activity at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new position in Masco during the first quarter worth approximately $25,000. Versant Capital Management Inc raised its position in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the period. Innealta Capital LLC acquired a new position in Masco in the second quarter valued at $25,000. Family Firm Inc. purchased a new stake in Masco during the second quarter valued at about $30,000. Finally, Larson Financial Group LLC increased its stake in Masco by 4,545.5% during the first 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. 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.