BMO Capital Markets Cuts Masco (NYSE:MAS) Price Target to $75.00

Masco (NYSE:MAS) had its price target reduced by equities researchers at BMO Capital Markets from $77.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.04% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Zelman & Associates cut Masco to a “hold” rating in a report on Wednesday, February 11th. Barclays cut their price objective on Masco from $71.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Company cut their price objective on Masco from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Citigroup lifted their price objective on Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.88.

Masco Price Performance

Shares of NYSE MAS traded down $0.23 during midday trading on Monday, reaching $66.35. 1,177,195 shares of the company traded hands, compared to its average volume of 2,614,856. The firm has a market cap of $13.46 billion, a PE ratio of 17.23, a PEG ratio of 1.89 and a beta of 1.29. The stock’s 50-day simple moving average is $66.03 and its 200-day simple moving average is $65.88. Masco has a 12 month low of $56.55 and a 12 month high of $79.19. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities analysts anticipate that Masco will post 4.34 earnings per share for the current fiscal year.

Masco announced that its board has authorized a stock repurchase plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the completion of the sale, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Masco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OP Asset Management Ltd acquired a new stake in Masco in the 1st quarter valued at about $1,354,000. CENTRAL TRUST Co increased its position in Masco by 22.1% in the 1st quarter. CENTRAL TRUST Co now owns 2,052 shares of the construction company’s stock valued at $124,000 after acquiring an additional 372 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Masco by 2.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 635,320 shares of the construction company’s stock worth $38,354,000 after purchasing an additional 14,015 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Masco by 159.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 33,699 shares of the construction company’s stock worth $2,034,000 after purchasing an additional 20,708 shares during the period. Finally, Diversified Trust Co increased its position in Masco by 4.7% in the first quarter. Diversified Trust Co now owns 60,036 shares of the construction company’s stock worth $3,624,000 after purchasing an additional 2,682 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Company Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door?bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.