Robert W. Baird Increases Masco (NYSE:MAS) Price Target to $95.00

Masco (NYSE:MAS) had its target price hoisted by Robert W. Baird from $88.00 to $95.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other research analysts have also commented on MAS. Truist Financial upped their target price on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets upped their target price on Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Citigroup cut their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company upped their price target on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group upped their price target on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.75.

Masco Stock Up 1.1 %

MAS opened at $82.88 on Monday. Masco has a twelve month low of $47.66 and a twelve month high of $86.70. The firm has a market cap of $18.25 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24. The business has a 50 day moving average price of $81.22 and a 200 day moving average price of $74.28. 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 issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company earned $1.19 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts forecast that Masco will post 4.11 EPS for the current year.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Masco

Hedge funds have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new position in Masco in the first quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the second quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of Masco during the second quarter worth about $30,000. Larson Financial Group LLC raised its position in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Masco during the first quarter worth about $43,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.