BMO Capital Markets Raises Masco (NYSE:MAS) Price Target to $78.00

Masco (NYSE:MAS) had its target price raised by investment analysts at BMO Capital Markets from $75.00 to $78.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 2.35% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays raised their target price on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their target price on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group lifted their price objective on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Truist Financial lifted their price objective on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Loop Capital lowered their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Price Performance

NYSE:MAS opened at $76.21 on Wednesday. Masco has a 52 week low of $47.66 and a 52 week high of $79.54. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The stock has a market capitalization of $16.63 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The stock’s 50-day moving average price is $69.44 and its 200-day moving average price is $71.52.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the firm earned $1.19 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts expect that Masco will post 4.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the period. Harris Associates L P raised its position in Masco by 1.5% in the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock valued at $654,341,000 after purchasing an additional 140,334 shares during the period. Boston Partners raised its position in Masco by 1.8% in the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock valued at $615,282,000 after purchasing an additional 159,052 shares during the period. Van ECK Associates Corp raised its position in Masco by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock valued at $373,411,000 after purchasing an additional 254,040 shares during the period. Finally, Earnest Partners LLC raised its position in Masco by 16.6% in the first quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after purchasing an additional 319,029 shares during the period. 93.91% of the stock is owned by hedge funds and other 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.