Masco (NYSE:MAS) Given Sector Perform Rating at Royal Bank of Canada

Masco (NYSE:MAS)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $74.00 price objective on the construction company’s stock. Royal Bank of Canada’s price objective suggests a potential downside of 2.83% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Truist Financial lifted their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Zelman & Associates upgraded shares of Masco to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird reduced their price target on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price on the stock in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of “Hold” and a consensus price target of $85.81.

Masco Price Performance

Shares of Masco stock traded down $2.49 during trading on Wednesday, hitting $76.16. 557,752 shares of the company’s stock traded hands, compared to its average volume of 1,442,210. The company has a market cap of $16.43 billion, a PE ratio of 20.22, a PEG ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The firm’s fifty day moving average price is $76.60 and its 200 day moving average price is $78.72. Masco has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter in the previous year, the business earned $0.83 EPS. Analysts forecast that Masco will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in shares of Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock valued at $28,147,000 after purchasing an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC grew its position in Masco by 21.7% in the third quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after acquiring an additional 96,415 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its stake in Masco by 6.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 219,120 shares of the construction company’s stock worth $17,135,000 after acquiring an additional 13,568 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Masco by 69.1% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the construction company’s stock worth $112,000 after acquiring an additional 631 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Masco by 139.9% in the 3rd quarter. Assetmark Inc. now owns 1,262 shares of the construction company’s stock valued at $106,000 after purchasing an additional 736 shares in the last quarter. 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.