Masco (NYSE:MAS) Price Target Raised to $82.00

Masco (NYSE:MAS) had its target price upped by Evercore ISI from $78.00 to $82.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the construction company’s stock.

MAS has been the subject of several other reports. Royal Bank of Canada downgraded Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $79.00 to $80.00 in a report on Wednesday. Truist Financial increased their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup reduced their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. BMO Capital Markets upped their target price on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of Masco from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Masco has an average rating of “Hold” and a consensus target price of $84.85.

Masco Trading Up 0.3 %

Shares of MAS traded up $0.27 during trading hours on Wednesday, reaching $80.18. 982,059 shares of the company traded hands, compared to its average volume of 1,812,301. Masco has a 12 month low of $53.44 and a 12 month high of $86.70. The company has a quick ratio of 1.12, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company’s fifty day moving average price is $81.60 and its two-hundred day moving average price is $74.53. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.71 and a beta of 1.24.

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

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, November 8th. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Masco

Institutional investors have recently bought and sold shares of the stock. 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 during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Masco by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after buying an additional 181,515 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Masco by 0.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Masco by 10.0% in the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after acquiring an additional 259,205 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in Masco by 16.6% during the first quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after acquiring an additional 319,029 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.