Masco (NYSE:MAS) Price Target Cut to $60.00

Masco (NYSE:MASGet Rating) had its price target cut by research analysts at BMO Capital Markets from $68.00 to $60.00 in a research note issued on Monday, The Fly reports. BMO Capital Markets’ target price would indicate a potential upside of 12.72% from the company’s current price.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group reduced their target price on Masco from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Wells Fargo & Company reduced their target price on Masco from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 21st. Truist Financial reduced their target price on Masco from $77.00 to $70.00 in a report on Thursday, April 28th. UBS Group reduced their target price on Masco from $81.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Finally, StockNews.com raised Masco from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.15.

Masco Stock Down 3.3 %

NYSE MAS opened at $53.23 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 52.66. The stock’s 50 day moving average is $53.40 and its two-hundred day moving average is $54.94. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.16 and a beta of 1.22. Masco has a 1-year low of $46.27 and a 1-year high of $71.06.

Masco (NYSE:MASGet Rating) last released its quarterly earnings data on Thursday, July 28th. The construction company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.36 billion. Masco had a net margin of 9.83% and a negative return on equity of 686.15%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts forecast that Masco will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Masco news, Director Charles K. Stevens III sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the transaction, the director now owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Masco news, Director Charles K. Stevens III sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $56.38, for a total transaction of $394,660.00. Following the transaction, the director now owns 10,160 shares in the company, valued at $572,820.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Keith J. Allman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $52.02, for a total value of $520,200.00. Following the transaction, the chief executive officer now owns 288,295 shares in the company, valued at approximately $14,997,105.90. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Masco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio lifted its holdings in shares of Masco by 19.6% during the 4th quarter. Strs Ohio now owns 10,931 shares of the construction company’s stock valued at $767,000 after purchasing an additional 1,789 shares in the last quarter. National Asset Management Inc. lifted its holdings in shares of Masco by 20.4% during the 4th quarter. National Asset Management Inc. now owns 7,035 shares of the construction company’s stock valued at $494,000 after purchasing an additional 1,192 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Masco during the 4th quarter valued at about $208,000. Yousif Capital Management LLC bought a new position in shares of Masco during the 4th quarter valued at about $2,731,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of Masco by 1.9% during the 4th quarter. D.A. Davidson & CO. now owns 10,065 shares of the construction company’s stock valued at $707,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

About Masco

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.