Loop Capital Raises Masco (NYSE:MAS) Price Target to $87.00

Masco (NYSE:MAS) had its price target lifted by research analysts at Loop Capital from $76.00 to $87.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Loop Capital’s price target suggests a potential upside of 8.28% from the stock’s previous close.

Other research analysts have also issued reports about the company. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $79.00 to $80.00 in a research report on Wednesday. UBS Group lifted their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays increased their price objective on shares of Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup reduced their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.85.

Masco Price Performance

Shares of MAS stock traded down $0.95 during mid-day trading on Wednesday, reaching $80.35. The stock had a trading volume of 1,203,315 shares, compared to its average volume of 1,810,285. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The business has a 50-day simple moving average of $81.52 and a 200 day simple moving average of $74.41. Masco has a 12-month low of $51.72 and a 12-month high of $86.70. The company has a market cap of $17.70 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. On average, sell-side analysts anticipate that Masco will post 4.1 earnings per share for the current year.

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 shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Masco

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock worth $170,000 after acquiring an additional 128 shares during the period. HB Wealth Management LLC increased its stake in shares of Masco by 3.6% in the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the period. American National Bank & Trust lifted its position in shares of Masco by 1.0% during the 3rd quarter. American National Bank & Trust now owns 14,846 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 142 shares during the last quarter. Hills Bank & Trust Co boosted its stake in Masco by 0.7% during the 3rd quarter. Hills Bank & Trust Co now owns 20,663 shares of the construction company’s stock valued at $1,734,000 after purchasing an additional 144 shares during the period. Finally, BOKF NA increased its position in Masco by 2.5% in the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after buying an additional 149 shares during the period. 93.91% of the stock is currently owned by institutional investors.

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.