Masco (NYSE:MAS) has been assigned a $50.00 price target by equities research analysts at Argus in a research note issued to investors on Friday. The firm currently has a “buy” rating on the construction company’s stock. Argus’ target price would suggest a potential upside of 21.92% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $46.00 price objective on shares of Masco and gave the company a “buy” rating in a research note on Friday, February 9th. Deutsche Bank upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, March 22nd. Credit Suisse Group reiterated a “neutral” rating and set a $46.00 price objective (up previously from $36.00) on shares of Masco in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase lowered shares of Masco from an “overweight” rating to a “neutral” rating in a research note on Friday, January 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.87.
MAS stock traded up $0.19 during midday trading on Friday, reaching $41.01. 77,137 shares of the company’s stock traded hands, compared to its average volume of 3,167,929. The stock has a market cap of $12,723.69, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 16.87. Masco has a fifty-two week low of $33.07 and a fifty-two week high of $46.44.
In related news, Director J Michael Losh sold 5,592 shares of Masco stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $42.02, for a total value of $234,975.84. Following the completion of the sale, the director now owns 69,926 shares in the company, valued at $2,938,290.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard A. Manoogian sold 82,701 shares of Masco stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $42.89, for a total transaction of $3,547,045.89. Following the completion of the sale, the director now owns 692,102 shares of the company’s stock, valued at approximately $29,684,254.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,727 shares of company stock valued at $4,695,460. Insiders own 1.20% of the company’s stock.
Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its holdings in Masco by 56.7% in the third quarter. Cubist Systematic Strategies LLC now owns 34,969 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 12,649 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Masco by 53.7% in the third quarter. Janney Montgomery Scott LLC now owns 16,875 shares of the construction company’s stock worth $658,000 after purchasing an additional 5,893 shares during the period. California Public Employees Retirement System boosted its holdings in Masco by 5.3% in the third quarter. California Public Employees Retirement System now owns 771,548 shares of the construction company’s stock worth $30,098,000 after purchasing an additional 38,948 shares during the period. Cetera Investment Advisers boosted its holdings in Masco by 16.5% in the third quarter. Cetera Investment Advisers now owns 15,652 shares of the construction company’s stock worth $612,000 after purchasing an additional 2,220 shares during the period. Finally, Algert Global LLC acquired a new position in Masco in the third quarter worth $1,128,000. Institutional investors and hedge funds own 90.07% of the company’s stock.
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Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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