Masco (NYSE:MAS) PT Lowered to $79.00 at Barclays

Masco (NYSE:MAS) had its price target cut by research analysts at Barclays from $87.00 to $79.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential upside of 11.68% from the stock’s previous close.

Several other brokerages also recently commented on MAS. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Citigroup cut their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday. Evercore ISI lowered their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Loop Capital cut their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Royal Bank of Canada upped their target price on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Masco has a consensus rating of “Moderate Buy” and an average target price of $71.46.

Masco Stock Performance

Shares of NYSE:MAS traded up $1.52 on Friday, hitting $70.74. The company had a trading volume of 524,695 shares, compared to its average volume of 1,925,874. The stock has a 50 day moving average price of $68.33 and a 200 day moving average price of $70.74. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.74 and a beta of 1.24. Masco has a 1-year low of $47.66 and a 1-year high of $78.94. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Analysts expect that Masco will post 4.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the first quarter valued at $25,000. Versant Capital Management Inc boosted its stake in 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. Venturi Wealth Management LLC increased its holdings in shares of Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after buying an additional 178 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Masco by 4,545.5% in the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Masco in the first quarter valued at about $43,000. Institutional investors 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.