UBS Group Has Lowered Expectations for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target cut by investment analysts at UBS Group from $94.00 to $91.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s target price indicates a potential upside of 18.80% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Truist Financial increased their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group cut shares of Masco from a “buy” rating to a “hold” rating and cut their price target for the stock from $96.00 to $89.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company dropped their target price on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average target price of $85.58.

Masco Stock Performance

NYSE MAS traded down $2.05 during trading hours on Wednesday, hitting $76.60. The company had a trading volume of 742,542 shares, compared to its average volume of 1,450,187. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco has a 1-year low of $63.81 and a 1-year high of $86.70. The company has a market cap of $16.53 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The business has a 50 day moving average of $76.60 and a 200-day moving average of $78.72.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm earned $0.83 earnings per share. As a group, equities research analysts expect that Masco will post 4.09 EPS for the current year.

Institutional Trading of Masco

Several large investors have recently made changes to their positions in MAS. Farther Finance Advisors LLC raised its holdings in Masco by 6.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,031 shares of the construction company’s stock valued at $170,000 after acquiring an additional 128 shares in the last quarter. WCM Investment Management LLC raised its holdings in Masco by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 44,940 shares of the construction company’s stock valued at $3,756,000 after acquiring an additional 132 shares in the last quarter. Metis Global Partners LLC raised its holdings in Masco by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 7,031 shares of the construction company’s stock valued at $590,000 after acquiring an additional 133 shares in the last quarter. Allworth Financial LP raised its holdings in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after acquiring an additional 133 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in Masco by 1.7% in the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock valued at $587,000 after acquiring an additional 136 shares in the last quarter. Institutional investors 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.