Masco (NYSE:MAS) Price Target Raised to $80.00

Key Points

• Wells Fargo & Company has raised its price target for Masco from $73.00 to $80.00, suggesting a potential upside of 9.15% from the company's previous close.
• Masco reported $1.30 EPS for the latest quarter, exceeding projections by $0.22, although its quarterly revenue was down 1.9% year-over-year.
• The majority of analysts classify Masco with a consensus rating of "Hold" and a consensus target price of $74.60, while the stock has experienced a 52-week high of $86.70.

Masco (NYSE:MAS - Get Free Report) had its price target raised by equities research analysts at Wells Fargo & Company from $73.00 to $80.00 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 price target would suggest a potential upside of 9.15% from the company's previous close.

Other analysts have also issued reports about the stock. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Robert W. Baird lowered shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Masco has a consensus rating of "Hold" and a consensus target price of $74.60.

Masco Trading Down 0.2%

NYSE:MAS opened at $73.30 on Thursday. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.68 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company's 50 day moving average price is $70.04 and its 200-day moving average price is $67.05. Masco has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts forecast that Masco will post 4.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Global X Japan Co. Ltd. grew its holdings in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after purchasing an additional 208 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Masco in the second quarter worth about $28,000. Alpine Bank Wealth Management purchased a new stake in shares of Masco during the first quarter valued at about $29,000. Costello Asset Management INC purchased a new stake in shares of Masco during the first quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the first quarter valued at about $33,000. Institutional investors 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.

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