Masco (NYSE:MAS) Stock Price Expected to Rise, Barclays Analyst Says

Masco (NYSE:MAS) had its price target upped by Barclays from $84.00 to $87.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other research firms also recently commented on MAS. Truist Financial increased their price objective on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, January 10th. Robert W. Baird cut their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Loop Capital raised their target price on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and cut their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Nine research 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, the stock currently has an average rating of “Hold” and a consensus price target of $85.58.

Masco Trading Down 2.5 %

Masco stock opened at $76.71 on Wednesday. The firm has a 50-day moving average of $76.53 and a 200-day moving average of $78.70. Masco has a one year low of $63.81 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.09 and a beta of 1.25.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.83 earnings per share. On average, equities analysts expect that Masco will post 4.09 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. Masco’s dividend payout ratio (DPR) is currently 30.85%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in shares of Masco during the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Masco during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Masco during the fourth quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of Masco during the third quarter worth approximately $38,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Masco during the fourth quarter worth approximately $42,000. 93.91% of the stock is owned by institutional investors.

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.