Barclays Increases Masco (NYSE:MAS) Price Target to $88.00

Masco (NYSE:MAS) had its price target raised by analysts at Barclays from $79.00 to $88.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential upside of 15.20% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Citigroup reduced their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Evercore ISI reduced their price target on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. Robert W. Baird increased their target price on Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group upped their price target on shares of Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada upped their target price on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.57.

Masco Price Performance

NYSE MAS traded up $0.55 on Friday, reaching $76.39. The company had a trading volume of 729,240 shares, compared to its average volume of 1,961,656. The stock has a market capitalization of $16.82 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Masco has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The firm’s 50 day moving average price is $68.64 and its 200 day moving average price is $71.17.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. Masco had a net margin of 11.60% and a return on equity of 865.37%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the company posted $1.19 EPS. The business’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts predict that Masco will post 4.08 earnings per share for the current year.

Hedge Funds Weigh In On Masco

A number of hedge funds have recently bought and sold shares of MAS. HB Wealth Management LLC lifted its position in shares of Masco by 28.4% during the 4th quarter. HB Wealth Management LLC now owns 4,926 shares of the construction company’s stock valued at $330,000 after buying an additional 1,089 shares in the last quarter. Raymond James & Associates raised its holdings in Masco by 1.2% in the 4th quarter. Raymond James & Associates now owns 489,711 shares of the construction company’s stock valued at $32,801,000 after acquiring an additional 6,037 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Masco by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 72,058 shares of the construction company’s stock worth $4,826,000 after purchasing an additional 771 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Masco in the 4th quarter valued at approximately $2,606,000. Finally, Schechter Investment Advisors LLC increased its holdings in shares of Masco by 29.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,141 shares of the construction company’s stock worth $478,000 after buying an additional 1,612 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.