Masco (MAS) Price Target Lowered to $40.00 at SunTrust Banks

Masco (NYSE:MAS) had its price target lowered by equities research analysts at SunTrust Banks to $40.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the construction company’s stock. SunTrust Banks’ target price points to a potential upside of 33.38% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Barclays set a $35.00 target price on shares of Masco and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $48.00 target price on shares of Masco in a report on Wednesday. Wells Fargo & Co reiterated a “buy” rating on shares of Masco in a report on Tuesday. TheStreet lowered shares of Masco from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Finally, Cleveland Research reiterated a “hold” rating on shares of Masco in a report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. Masco currently has a consensus rating of “Buy” and a consensus price target of $44.61.

Masco stock traded up $0.49 during mid-day trading on Wednesday, reaching $29.99. 1,177,556 shares of the company’s stock were exchanged, compared to its average volume of 5,489,314. The firm has a market cap of $8.50 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. Masco has a twelve month low of $27.15 and a twelve month high of $46.44. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 23.57.



Masco (NYSE:MAS) last released its earnings results on Tuesday, October 30th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.05). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Masco had a return on equity of 490.27% and a net margin of 7.41%. Masco’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Masco will post 2.5 earnings per share for the current fiscal year.

In other news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $39.91, for a total value of $51,324.26. Following the sale, the insider now directly owns 48,740 shares in the company, valued at approximately $1,945,213.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total transaction of $3,773,047.55. Following the completion of the sale, the chief financial officer now owns 237,578 shares in the company, valued at $9,253,663.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Banco de Sabadell S.A raised its stake in Masco by 11.3% during the 2nd quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock worth $482,000 after acquiring an additional 1,312 shares in the last quarter. Suntrust Banks Inc. raised its stake in Masco by 4.6% during the 1st quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 1,533 shares in the last quarter. Hills Bank & Trust Co. raised its stake in Masco by 6.6% during the 2nd quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock worth $1,008,000 after acquiring an additional 1,675 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in Masco by 9.2% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock worth $785,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in Masco by 2.9% during the 2nd quarter. Capital Analysts LLC now owns 69,500 shares of the construction company’s stock worth $2,601,000 after acquiring an additional 1,972 shares in the last quarter. Institutional investors and hedge funds own 89.70% of the company’s stock.

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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