Masco (NYSE:MAS) Price Target Raised to $88.00

Masco (NYSE:MAS) had its target price hoisted by Robert W. Baird from $84.00 to $88.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

MAS has been the subject of several other reports. Evercore ISI dropped their price objective on shares of Masco from $75.00 to $74.00 and set an in-line rating for the company in a research note on Thursday, April 25th. Barclays reduced their target price on shares of Masco from $87.00 to $79.00 and set an overweight rating for the company in a report on Friday, July 12th. StockNews.com downgraded shares of Masco from a buy rating to a hold rating in a report on Friday, May 3rd. Loop Capital dropped their price target on Masco from $79.00 to $76.00 and set a hold rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada boosted their price target on Masco from $79.00 to $80.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $75.77.

Masco Trading Up 0.3 %

MAS stock opened at $77.69 on Friday. The firm has a fifty day moving average price of $68.95 and a 200 day moving average price of $71.37. Masco has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The firm has a market cap of $17.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. Sell-side analysts anticipate that Masco will post 4.08 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, August 2nd. Masco’s payout ratio is 28.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Masco in the 1st quarter valued at $25,000. Versant Capital Management Inc increased its stake in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Masco during the 2nd quarter worth $25,000. Venturi Wealth Management LLC grew its holdings in shares of Masco by 70.1% during the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after purchasing an additional 178 shares during the period. Finally, Family Firm Inc. purchased a new position in shares of Masco during the 2nd quarter worth $30,000. 93.91% of the stock is owned by institutional investors and hedge funds.

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.