Masco (NYSE:MAS) Price Target Increased to $88.00 by Analysts at Barclays

Masco (NYSE:MAS) had its target price upped by Barclays from $79.00 to $88.00 in a report published on Friday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MAS has been the topic of several other reports. Robert W. Baird lifted their target price on Masco from $84.00 to $88.00 and gave the company an outperform rating in a research report on Friday. Loop Capital dropped their price target on shares of Masco from $79.00 to $76.00 and set a hold rating for the company in a research report on Thursday, April 25th. Truist Financial raised 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. Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the stock an outperform rating in a research note on Friday. Finally, Citigroup dropped their price objective on Masco from $73.00 to $66.00 and set a neutral rating for the company in a research note on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Masco currently has an average rating of Moderate Buy and a consensus price target of $74.57.

Masco Trading Up 2.1 %

Shares of MAS stock opened at $77.45 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 16.18. Masco has a 12-month low of $47.66 and a 12-month high of $78.94. The stock has a market capitalization of $17.06 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.28 and a beta of 1.24. The firm’s 50 day moving average is $68.78 and its 200 day moving average is $71.25.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. Research analysts expect that Masco will post 4.08 earnings per share for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, August 2nd. Masco’s payout ratio is 28.43%.

Institutional Trading of Masco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Ballentine Partners LLC grew its position in Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock valued at $435,000 after acquiring an additional 137 shares during the last quarter. HB Wealth Management LLC increased its stake in Masco by 3.6% in the second quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the period. BOKF NA lifted its position in shares of Masco by 2.5% during the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after purchasing an additional 149 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Masco by 1.8% during the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock valued at $751,000 after buying an additional 165 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.