Masco (NYSE:MAS) PT Lowered to $76.00

Masco (NYSE:MAS) had its target price lowered by equities researchers at Loop Capital from $79.00 to $76.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Loop Capital’s price target would indicate a potential upside of 8.40% from the stock’s previous close.

MAS has been the topic of several other reports. Citigroup raised their price target 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. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Evercore ISI decreased their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday. Oppenheimer initiated coverage on shares of Masco in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Finally, Truist Financial raised their price target 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.07.

Masco Price Performance

Shares of NYSE MAS traded up $0.37 during trading on Thursday, hitting $70.11. The company had a trading volume of 1,780,816 shares, compared to its average volume of 2,068,138. The stock has a fifty day simple moving average of $75.31 and a two-hundred day simple moving average of $66.74. Masco has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts expect that Masco will post 4.11 earnings per share for the current year.

Insider Buying and Selling at Masco

In related news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the transaction, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the transaction, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of Masco stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The disclosure for this sale can be found here. Insiders sold a total of 83,762 shares of company stock worth $6,337,597 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Masco by 62.4% during the 1st 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. Ballentine Partners LLC grew its stake in shares of Masco by 2.5% during the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after purchasing an additional 137 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Masco by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after purchasing an additional 178 shares during the period. Wedmont Private Capital grew its stake in shares of Masco by 4.4% during the 1st quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock worth $326,000 after purchasing an additional 178 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Masco by 70.1% during the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after purchasing an additional 178 shares during the period. 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.