Masco (NYSE:MAS) Price Target Increased to $79.00 by Analysts at Royal Bank of Canada

Masco (NYSE:MAS) had its target price upped by Royal Bank of Canada from $78.00 to $79.00 in a report published on Friday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

MAS has been the topic of a number of other research reports. StockNews.com downgraded Masco from a buy rating to a hold rating in a report on Friday, May 3rd. Loop Capital dropped their target price on shares of Masco from $79.00 to $76.00 and set a hold rating on the stock in a report on Thursday, April 25th. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a neutral rating for the company in a report on Thursday, July 11th. Truist Financial increased their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a buy rating in a research note on Friday. Finally, Robert W. Baird lifted their target price on Masco from $84.00 to $88.00 and gave the company an outperform rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $74.57.

Masco Stock Up 2.1 %

Shares of Masco stock opened at $77.45 on Friday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.09. Masco has a 1-year low of $47.66 and a 1-year high of $78.94. The business has a 50-day moving average of $68.78 and a 200-day moving average of $71.25. The company has a market capitalization of $17.06 billion, a PE ratio of 18.98, a P/E/G ratio of 2.28 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. As a group, equities analysts forecast that Masco will post 4.08 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, August 2nd. Masco’s dividend payout ratio is currently 28.43%.

Hedge Funds Weigh In On Masco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the 1st quarter worth about $25,000. Versant Capital Management Inc increased its stake in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Family Firm Inc. bought a new stake in Masco during the second quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 70.1% in the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after buying an additional 178 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in 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 buying an additional 179 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

About Masco

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.