Masco (NYSE:MAS) Given New $93.00 Price Target at Barclays

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

A number of other brokerages have also recently commented on MAS. StockNews.com upgraded Masco from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their target price on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets lifted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Robert W. Baird lowered their price objective on Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Truist Financial lifted their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.85.

Masco Stock Performance

Masco stock opened at $80.34 on Wednesday. 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 cap of $17.69 billion, a PE ratio of 19.69, a P/E/G ratio of 2.78 and a beta of 1.24. Masco has a 12-month low of $51.72 and a 12-month high of $86.70. The business’s 50-day moving average price is $81.56 and its two-hundred day moving average price is $74.45.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, analysts expect that Masco will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.44%. Masco’s payout ratio is 28.43%.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

Large investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Masco by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 539,398 shares of the construction company’s stock worth $42,548,000 after buying an additional 7,064 shares in the last quarter. Norden Group LLC acquired a new position in shares of Masco during the 1st quarter valued at $389,000. First Trust Direct Indexing L.P. bought a new position in Masco during the first quarter worth $211,000. SpiderRock Advisors LLC acquired a new stake in Masco in the first quarter worth $268,000. Finally, Diversify Advisory Services LLC bought a new stake in Masco in the first quarter valued at $221,000. Institutional investors and hedge funds 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.