Masco (NYSE:MAS) Price Target Cut to $94.00

Masco (NYSE:MAS) had its target price reduced by Robert W. Baird from $95.00 to $94.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 15.62% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets boosted their target price on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Masco has a consensus rating of “Moderate Buy” and an average target price of $81.75.

Masco Stock Performance

Shares of NYSE MAS opened at $81.30 on Wednesday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.78 and a beta of 1.24. 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 has a 1-year low of $50.98 and a 1-year high of $86.70. The stock’s 50-day moving average is $81.52 and its 200 day moving average is $74.41.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in shares of Masco during the first quarter valued at $25,000. Innealta Capital LLC bought a new position in shares of Masco during the second quarter valued at $25,000. Family Firm Inc. bought a new position in shares of Masco during the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% during the second 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 in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

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.