Robert W. Baird Cuts Masco (NYSE:MAS) Price Target to $94.00

Masco (NYSE:MAS) had its target price reduced by Robert W. Baird from $95.00 to $94.00 in a research report released on Wednesday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company raised their price target on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial raised their price target on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday. Finally, StockNews.com raised Masco from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.85.

Masco Trading Up 0.3 %

NYSE MAS opened at $80.18 on Wednesday. The company’s 50-day simple moving average is $81.60 and its two-hundred day simple moving average is $74.53. Masco has a one year low of $53.44 and a one year high of $86.70. 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. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.12 and a current ratio of 1.83.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.45%. Masco’s dividend payout ratio is currently 30.85%.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Masco

A number of large investors have recently modified their holdings of the business. Covestor Ltd boosted its stake in Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after buying an additional 312 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Masco in the third quarter valued at about $230,000. Atria Investments Inc increased its position in Masco by 9.1% during the third quarter. Atria Investments Inc now owns 77,812 shares of the construction company’s stock worth $6,532,000 after purchasing an additional 6,483 shares during the last quarter. Assetmark Inc. raised its stake in Masco by 139.9% during the third quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock worth $106,000 after purchasing an additional 736 shares during the period. Finally, Pegasus Partners Ltd. acquired a new position in Masco in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors 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.