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

by · The Cerbat Gem

Masco (NYSE:MAS – Get Free Report) had its price objective lifted by BMO Capital Markets from $78.00 to $85.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 3.17% from the stock’s previous close.

A number of other research firms also recently issued reports on MAS. Citigroup decreased their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Royal Bank of Canada lifted their price target on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial upped their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird lifted their target price on shares of Masco from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Monday. Finally, Jefferies Financial Group upped their price target on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Masco has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

Get Our Latest Stock Analysis on MAS

Masco Trading Down 2.1 %

Shares of MAS traded down $1.80 during trading hours on Tuesday, reaching $82.39. 871,849 shares of the company traded hands, compared to its average volume of 1,802,526. Masco has a 12 month low of $47.66 and a 12 month high of $86.70. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The company’s fifty day moving average price is $80.81 and its two-hundred day moving average price is $74.13. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the firm posted $1.19 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Equities research analysts predict that Masco will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

Institutional Trading of Masco

Hedge funds have recently bought and sold shares of the company. Lecap Asset Management Ltd. grew its stake in shares of Masco by 3.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 8,171 shares of the construction company’s stock valued at $686,000 after purchasing an additional 309 shares during the period. Eastern Bank bought a new stake in Masco during the third quarter valued at approximately $239,000. Sequoia Financial Advisors LLC increased its holdings in Masco by 6.3% during the third quarter. Sequoia Financial Advisors LLC now owns 56,311 shares of the construction company’s stock valued at $4,727,000 after buying an additional 3,349 shares during the last quarter. Ledyard National Bank raised its position in Masco by 28.9% in the third quarter. Ledyard National Bank now owns 26,147 shares of the construction company’s stock worth $2,195,000 after acquiring an additional 5,855 shares during the period. Finally, Northwest Investment Counselors LLC boosted its stake in shares of Masco by 0.9% during the 3rd quarter. Northwest Investment Counselors LLC now owns 40,383 shares of the construction company’s stock worth $3,390,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

About Masco

(Get Free Report)

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.

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