Barclays Increases Masco (NYSE:MAS) Price Target to $93.00

Masco (NYSE:MAS) had its price target boosted by Barclays from $92.00 to $93.00 in a research report released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

A number of other research analysts also recently commented on the company. Royal Bank of Canada downgraded 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 report on Wednesday. Robert W. Baird decreased their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Wednesday. Evercore ISI raised their price target on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday. Truist Financial boosted their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their target price on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.85.

Masco Stock Up 0.3 %

MAS stock traded up $0.27 during trading on Wednesday, reaching $80.18. The stock had a trading volume of 982,059 shares, compared to its average volume of 1,812,301. Masco has a 1-year low of $53.44 and a 1-year high of $86.70. The firm has a fifty day moving average price of $81.60 and a 200 day moving average price of $74.53. The company has a current ratio of 1.83, a quick ratio of 1.12 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $17.30 billion, a P/E ratio of 21.32, a PEG ratio of 2.71 and a beta of 1.24.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts anticipate that Masco will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The business 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 dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.45%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Buying and Selling

In other 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 value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 Trading of Masco

Several hedge funds and other institutional investors have recently bought and sold shares of MAS. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after purchasing an additional 67,806 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Masco in the 1st quarter valued at $1,903,000. Manning & Napier Advisors LLC bought a new position in shares of Masco during the 2nd quarter worth about $82,363,000. Vanguard Group Inc. boosted its position in shares of Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after acquiring an additional 721,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Masco by 119.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after acquiring an additional 157,711 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.