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

Masco (NYSE:MAS - Get Free Report) had its price target upped by equities research analysts at Royal Bank of Canada from $79.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Royal Bank of Canada's target price would indicate a potential upside of 14.50% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut Masco from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Citigroup upped their price target on Masco from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Evercore ISI lowered their target price on Masco from $75.00 to $74.00 and set an "in-line" rating on the stock in a report on Thursday. Truist Financial increased their target price on Masco from $65.00 to $81.00 and gave the company a "buy" rating in a report on Friday, February 9th. Finally, Oppenheimer assumed coverage on Masco in a report on Friday, January 19th. They set a "market perform" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.07.

Masco Stock Performance

NYSE MAS traded up $0.13 on Thursday, hitting $69.87. 2,796,866 shares of the company's stock were exchanged, compared to its average volume of 2,082,240. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.68 and a quick ratio of 1.08. The firm's 50-day moving average price is $75.23 and its two-hundred day moving average price is $66.76. Masco has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.27 and a beta of 1.25.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm's quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts expect that Masco will post 4.11 EPS for the current year.

Insider Buying and Selling at Masco

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

Hedge Funds Weigh In On Masco

A number of hedge funds have recently bought and sold shares of MAS. HB Wealth Management LLC acquired a new position in Masco in the third quarter worth about $205,000. Exchange Traded Concepts LLC acquired a new position in Masco in the third quarter worth about $66,000. Czech National Bank grew its stake in Masco by 47.5% in the third quarter. Czech National Bank now owns 39,313 shares of the construction company's stock worth $2,101,000 after purchasing an additional 12,667 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Masco by 5.6% in the third quarter. Asset Management One Co. Ltd. now owns 89,402 shares of the construction company's stock worth $4,779,000 after purchasing an additional 4,702 shares in the last quarter. Finally, Ascent Wealth Partners LLC grew its stake in Masco by 13.7% in the third quarter. Ascent Wealth Partners LLC now owns 5,121 shares of the construction company's stock worth $274,000 after purchasing an additional 619 shares in 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.