Argus Boosts Masco Corporation (MAS) Price Target to $46.00

Masco Corporation (NYSE:MAS) had its price target hoisted by research analysts at Argus from $44.00 to $46.00 in a report issued on Thursday, October 26th. The brokerage presently has a “buy” rating on the construction company’s stock. Argus’ price objective would indicate a potential upside of 17.83% from the stock’s previous close.

A number of other research firms have also recently commented on MAS. Wells Fargo & Company cut shares of Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a research note on Wednesday, October 25th. Royal Bank Of Canada boosted their target price on shares of Masco Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Masco Corporation in a research report on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of Masco Corporation from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Nomura set a $45.00 price target on shares of Masco Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $42.88.

Masco Corporation (NYSE:MAS) opened at $39.04 on Thursday. Masco Corporation has a fifty-two week low of $30.08 and a fifty-two week high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The stock has a market cap of $12,233.44, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.20 and a beta of 1.56.

Masco Corporation (NYSE:MAS) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. analysts forecast that Masco Corporation will post 1.95 EPS for the current year.

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In other news, CFO John G. Sznewajs sold 52,511 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.83, for a total value of $2,091,513.13. Following the completion of the sale, the chief financial officer now owns 391,443 shares in the company, valued at approximately $15,591,174.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth G. Cole sold 2,266 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.36, for a total transaction of $84,657.76. Following the completion of the transaction, the vice president now owns 85,693 shares of the company’s stock, valued at approximately $3,201,490.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,990 shares of company stock valued at $3,600,733. Company insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Veritable L.P. increased its holdings in shares of Masco Corporation by 0.7% in the 2nd quarter. Veritable L.P. now owns 8,998 shares of the construction company’s stock valued at $344,000 after purchasing an additional 59 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Masco Corporation by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 16,587 shares of the construction company’s stock valued at $634,000 after acquiring an additional 63 shares in the last quarter. Hills Bank & Trust Co. increased its holdings in Masco Corporation by 0.3% during the 2nd quarter. Hills Bank & Trust Co. now owns 21,935 shares of the construction company’s stock valued at $838,000 after acquiring an additional 75 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Masco Corporation by 1.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,543 shares of the construction company’s stock valued at $209,000 after acquiring an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Masco Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the construction company’s stock valued at $757,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

About Masco Corporation

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.

Analyst Recommendations for Masco Corporation (NYSE:MAS)

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