Masco (NYSE:MAS) PT Raised to $86.00

Masco (NYSE:MAS) had its target price increased by research analysts at Jefferies Financial Group from $83.00 to $86.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 16.86% from the stock’s previous close.

MAS has been the subject of several other reports. Barclays cut their price target on shares of Masco from $87.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Loop Capital cut their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada boosted their target price on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Citigroup decreased their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.69.

Masco Stock Performance

MAS traded down $0.71 during midday trading on Wednesday, reaching $73.59. The company’s stock had a trading volume of 995,515 shares, compared to its average volume of 1,930,805. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The company has a fifty day simple moving average of $68.43 and a 200 day simple moving average of $70.89. The stock has a market cap of $16.21 billion, a P/E ratio of 18.11, a PEG ratio of 1.86 and a beta of 1.24. Masco has a twelve month low of $47.66 and a twelve month high of $78.94.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.87 earnings per share. Masco’s quarterly revenue was down 2.7% on a year-over-year basis. Research analysts expect that Masco will post 4.1 earnings per share for the current year.

Hedge Funds Weigh In On Masco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares in the last quarter. Harris Associates L P increased its position in shares of Masco by 1.5% in the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock worth $654,341,000 after purchasing an additional 140,334 shares during the period. Boston Partners grew its stake in Masco by 1.8% during the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock worth $615,282,000 after buying an additional 159,052 shares in the last quarter. Van ECK Associates Corp increased its stake in Masco by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock valued at $373,411,000 after acquiring an additional 254,040 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Masco by 1.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock valued at $223,288,000 after purchasing an additional 57,395 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

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.