Masco (NYSE:MAS) Price Target Raised to $80.00 at Royal Bank of Canada

Masco (NYSE:MAS) had its price target upped by stock analysts at Royal Bank of Canada from $79.00 to $80.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 14.06% from the stock’s previous close.

Several other research firms have also recently weighed in on MAS. Evercore ISI decreased their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday. Citigroup increased their target price on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Oppenheimer assumed coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating on the stock. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Truist Financial increased their target price on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Masco has an average rating of “Moderate Buy” and an average price target of $70.00.

Masco Trading Up 0.6 %

NYSE MAS traded up $0.40 on Thursday, hitting $70.14. The company’s stock had a trading volume of 1,396,946 shares, compared to its average volume of 2,063,946. Masco has a 1-year low of $47.66 and a 1-year high of $78.94. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. The company’s 50-day moving average is $75.31 and its 200 day moving average is $66.74. The firm has a market cap of $15.47 billion, a PE ratio of 17.43, a PEG ratio of 2.27 and a beta of 1.25.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.87 earnings per share. Masco’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts predict that Masco will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jai Shah sold 42,552 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,762 shares of company stock valued at $6,337,597. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Masco

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after buying an additional 178 shares during the last quarter. Riverview Trust Co purchased a new stake in Masco during the first quarter worth about $43,000. Union Savings Bank increased its holdings in Masco by 91.7% during the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after buying an additional 275 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in Masco during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.