Loop Capital Forecasts Strong Price Appreciation for Masco (NYSE:MAS) Stock

Key Points

• Loop Capital has raised its price target for Masco (NYSE:MAS) from $62.00 to $73.00, indicating a potential upside of 5.09% from the previous close, while maintaining a "hold" rating on the stock.
• Other analysts also adjusted their target prices, with Oppenheimer increasing theirs to $79.00, and Truist Financial decreasing theirs to $75.00, reflecting varying investor sentiments.
• Masco's latest quarterly earnings exceeded expectations, reporting $1.30 earnings per share and revenues of $2.05 billion, despite a year-over-year revenue decline of 1.9%.

Masco (NYSE:MAS - Get Free Report) had its target price lifted by Loop Capital from $62.00 to $73.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the construction company's stock. Loop Capital's price target points to a potential upside of 5.09% from the company's previous close.

Other research analysts have also issued research reports about the company. Oppenheimer boosted their target price on Masco from $73.00 to $79.00 and gave the company an "outperform" rating in a research report on Monday. Truist Financial decreased their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $80.00 price objective (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group reduced their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $74.13.

Masco Trading Up 0.9%

Shares of Masco stock traded up $0.63 on Monday, reaching $69.46. The company had a trading volume of 1,030,706 shares, compared to its average volume of 2,142,730. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.52 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm's 50-day moving average price is $64.65 and its two-hundred day moving average price is $67.96. Masco has a 1 year low of $56.55 and a 1 year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. Masco's revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. As a group, research analysts predict that Masco will post 4.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Masco

Several institutional investors have recently bought and sold shares of MAS. Simon Quick Advisors LLC raised its position in shares of Masco by 222.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 11,973 shares of the construction company's stock valued at $771,000 after purchasing an additional 8,256 shares during the last quarter. Ledyard National Bank lifted its stake in shares of Masco by 1.1% during the second quarter. Ledyard National Bank now owns 54,832 shares of the construction company's stock worth $3,529,000 after buying an additional 618 shares during the period. KLCM Advisors Inc. grew its holdings in shares of Masco by 10.0% during the second quarter. KLCM Advisors Inc. now owns 3,169 shares of the construction company's stock valued at $204,000 after buying an additional 289 shares during the last quarter. Assetmark Inc. increased its position in shares of Masco by 91.2% in the 2nd quarter. Assetmark Inc. now owns 34,304 shares of the construction company's stock valued at $2,208,000 after acquiring an additional 16,365 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Masco by 81.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 15,364 shares of the construction company's stock worth $989,000 after acquiring an additional 6,883 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.

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