Masco (NYSE:MAS) Price Target Raised to $82.00 at Evercore ISI

Masco (NYSE:MAS) had its price target raised by Evercore ISI from $78.00 to $82.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an in-line rating on the construction company’s stock.

Several other research analysts also recently commented on MAS. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Barclays boosted their target price on shares of Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup decreased their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Wells Fargo & Company boosted their target price on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.85.

Masco Price Performance

Shares of NYSE:MAS opened at $80.34 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The firm has a market capitalization of $17.69 billion, a PE ratio of 19.69, a P/E/G ratio of 2.78 and a beta of 1.24. Masco has a twelve month low of $51.72 and a twelve month high of $86.70. The company has a 50-day moving average price of $81.56 and a two-hundred day moving average price of $74.45.

Masco (NYSE:MAS) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $1.00 earnings per share. Masco’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Masco will post 4.1 EPS for the current year.

Masco Dividend Announcement

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

Insider Activity

In related 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 owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAS. New Covenant Trust Company N.A. acquired a new stake in shares of Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in Masco during the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Masco during the 2nd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV lifted its position in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after acquiring an additional 179 shares during the period. Finally, Larson Financial Group LLC lifted 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 period. 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.