Masco (NYSE:MAS) Price Target Raised to $80.00 at Royal Bank of Canada

Masco (NYSE:MAS) had its target price lifted by analysts at Royal Bank of Canada from $79.00 to $80.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 14.06% from the stock’s current price.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Evercore ISI dropped their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday. Citigroup boosted their target price on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Truist Financial boosted their target price on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Oppenheimer began coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.00.

Masco Price Performance

Shares of MAS stock traded up $0.40 on Thursday, reaching $70.14. The company’s stock had a trading volume of 1,396,946 shares, compared to its average volume of 2,063,946. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05. The stock’s fifty day simple moving average is $75.31 and its 200-day simple moving average is $66.74. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. Masco has a 1 year low of $47.66 and a 1 year high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. Masco’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. Analysts forecast that Masco will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,762 shares of company stock worth $6,337,597. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Masco

A number of hedge funds and other institutional investors have recently modified their holdings of MAS. Versant Capital Management Inc increased its stake in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares during the last quarter. Venturi Wealth Management LLC raised its position in Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after purchasing an additional 178 shares in the last quarter. Center for Financial Planning Inc. raised its position in Masco by 270.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock valued at $36,000 after purchasing an additional 487 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Masco in the 4th quarter valued at about $39,000. Finally, Union Savings Bank raised its position in shares of Masco by 91.7% during the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after acquiring an additional 275 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

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.