Masco (NYSE:MAS) PT Raised to $88.00

Masco (NYSE:MAS) had its price objective boosted by Barclays from $79.00 to $88.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

MAS has been the subject of several other reports. Royal Bank of Canada boosted their target price on Masco from $78.00 to $79.00 and gave the company an outperform rating in a report on Friday. StockNews.com cut Masco from a buy rating to a hold rating in a report on Friday, May 3rd. Jefferies Financial Group upped their price target on Masco from $83.00 to $86.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Citigroup lowered their target price on Masco from $73.00 to $66.00 and set a neutral rating on the stock in a report on Thursday, July 11th. Finally, 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, April 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $75.77.

Masco Trading Up 0.3 %

NYSE:MAS opened at $77.69 on Friday. The stock has a 50-day simple moving average of $68.95 and a 200-day simple moving average of $71.37. The stock has a market cap of $17.11 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.45 and a beta of 1.24. Masco has a 1 year low of $47.66 and a 1 year high of $78.94. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. As a group, analysts anticipate that Masco will post 4.08 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, August 2nd. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC purchased a new position in Masco in the fourth quarter valued at about $627,000. Norges Bank acquired a new stake in shares of Masco during the fourth quarter valued at about $122,144,000. Intech Investment Management LLC acquired a new stake in shares of Masco during the fourth quarter valued at about $975,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Masco by 14.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after acquiring an additional 67,806 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Masco during the first quarter valued at about $1,903,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.