Evercore ISI Raises Masco (NYSE:MAS) Price Target to $82.00

Masco (NYSE:MAS) had its price objective increased by investment analysts at Evercore ISI from $78.00 to $82.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the construction company’s stock. Evercore ISI’s price target would suggest a potential upside of 2.62% from the stock’s previous close.

MAS has been the subject of a number of other research reports. BMO Capital Markets lifted their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price objective on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. UBS Group boosted their price objective on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Masco from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.85.

Masco Trading Down 0.5 %

NYSE:MAS opened at $79.91 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco has a 12 month low of $51.72 and a 12 month high of $86.70. The company has a market cap of $17.60 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a 50 day simple moving average of $81.56 and a two-hundred day simple moving average of $74.45.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Masco will post 4.1 earnings per share for the current year.

Insider Activity at Masco

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Masco

Hedge funds have recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in Masco in the 1st quarter worth $25,000. Innealta Capital LLC purchased a new stake in Masco in the 2nd quarter worth $25,000. Family Firm Inc. purchased a new stake in Masco in the 2nd quarter worth $30,000. Massmutual Trust Co. FSB ADV lifted its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other 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.