BMO Capital Markets Increases Masco (NYSE:MAS) Price Target to $85.00

Masco (NYSE:MAS) had its price objective increased by BMO Capital Markets from $78.00 to $85.00 in a report published on Tuesday, Benzinga reports. They currently have a market perform rating on the construction company’s stock.

MAS has been the subject of several other research reports. Jefferies Financial Group raised their price objective on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial lifted their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company increased their target price on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. StockNews.com raised Masco from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays increased their price objective on shares of Masco from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.75.

Masco Stock Performance

Masco stock opened at $82.88 on Tuesday. Masco has a 52-week low of $47.66 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The stock has a fifty day moving average price of $81.22 and a two-hundred day moving average price of $74.28. The firm has a market capitalization of $18.25 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 11.59% and a return on equity of 602.39%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. As a group, analysts anticipate that Masco will post 4.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Masco by 14.3% in the 1st 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 during the last quarter. Quantbot Technologies LP acquired a new stake in Masco in the first quarter worth $1,903,000. Manning & Napier Advisors LLC acquired a new stake in Masco in the second quarter worth $82,363,000. Vanguard Group Inc. boosted its position in shares of Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock worth $2,074,591,000 after purchasing an additional 721,117 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Masco by 119.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 290,123 shares of the construction company’s stock valued at $22,885,000 after buying an additional 157,711 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.