Masco (NYSE:MAS) Price Target Raised to $92.00 at Barclays

Masco (NYSE:MAS) had its price objective lifted by Barclays from $88.00 to $92.00 in a research report report published on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their target price on Masco from $83.00 to $86.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Wells Fargo & Company raised their target price on Masco from $90.00 to $92.00 and gave the stock an overweight rating in a research note on Monday. Truist Financial raised their target price on Masco from $81.00 to $84.00 and gave the stock a buy rating in a research note on Friday, July 26th. Royal Bank of Canada raised their target price on Masco from $78.00 to $79.00 and gave the stock an outperform rating in a research note on Friday, July 26th. Finally, StockNews.com downgraded Masco from a buy rating to a hold rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $80.58.

Masco Stock Performance

Shares of MAS opened at $83.98 on Wednesday. Masco has a 12 month low of $47.66 and a 12 month high of $84.69. The stock has a fifty day moving average price of $79.02 and a 200-day moving average price of $73.75. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The firm has a market cap of $18.50 billion, a PE ratio of 20.58, a P/E/G ratio of 2.59 and a beta of 1.24.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating the consensus estimate 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 return on equity of 602.39% and a net margin of 11.59%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 EPS. Equities research analysts predict that Masco will post 4.11 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is 28.43%.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the 1st quarter valued at approximately $25,000. Innealta Capital LLC purchased a new stake in shares of Masco during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc raised its position in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares during the period. Family Firm Inc. purchased a new stake in shares of Masco during the 2nd quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 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.