Wells Fargo & Company Has Lowered Expectations for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target dropped by equities researchers at Wells Fargo & Company from $80.00 to $70.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.21% from the company’s previous close.

A number of other research firms have also weighed in on MAS. JPMorgan Chase & Co. boosted their target price on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Oppenheimer set a $79.00 target price on Masco and gave the company an “outperform” rating in a research note on Monday, August 4th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Loop Capital reissued a “hold” rating and issued a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $73.07.

Masco Stock Performance

Shares of Masco stock opened at $64.69 on Thursday. The business’s fifty day simple moving average is $70.69 and its 200 day simple moving average is $67.10. The firm has a market capitalization of $13.54 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18. Masco has a 12 month low of $56.55 and a 12 month high of $83.06. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Masco’s revenue for the quarter was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, analysts anticipate that Masco will post 4.34 EPS for the current year.

Insider Transactions at Masco

In related news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MAS. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Masco by 10.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock worth $1,580,000 after acquiring an additional 2,184 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock worth $769,000 after acquiring an additional 270 shares during the period. Amalgamated Bank grew its holdings in shares of Masco by 1.5% during the 1st quarter. Amalgamated Bank now owns 41,989 shares of the construction company’s stock worth $2,920,000 after acquiring an additional 603 shares during the period. WCM Investment Management LLC grew its holdings in shares of Masco by 4.6% during the 1st quarter. WCM Investment Management LLC now owns 44,675 shares of the construction company’s stock worth $3,068,000 after acquiring an additional 1,968 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in shares of Masco by 9.2% during the 1st quarter. First Horizon Advisors Inc. now owns 125,790 shares of the construction company’s stock worth $8,747,000 after acquiring an additional 10,595 shares during the period. 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.