Robert W. Baird Boosts Masco (NYSE:MAS) Price Target to $95.00

Masco (NYSE:MAS) had its price target upped by Robert W. Baird from $88.00 to $95.00 in a research note issued to investors on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

A number of other brokerages have also commented on MAS. Royal Bank of Canada upped their target price on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets increased their price objective on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Truist Financial boosted their target price 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. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on Masco from $89.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.75.

Masco Trading Down 0.3 %

Shares of Masco stock opened at $81.98 on Monday. Masco has a 12-month low of $47.66 and a 12-month high of $86.70. The firm’s 50 day simple moving average is $80.97 and its two-hundred day simple moving average is $74.16. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.64 and a beta of 1.24.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Analysts predict that Masco will post 4.11 EPS for the current year.

Insider Activity at Masco

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

Hedge Funds Weigh In On Masco

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Masco by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock worth $655,414,000 after buying an additional 181,515 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Masco by 0.3% in the second quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock valued at $194,985,000 after buying an additional 9,094 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Masco by 10.0% in the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after buying an additional 259,205 shares in the last quarter. Finally, Earnest Partners LLC boosted its position in Masco by 16.6% during the first quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after acquiring an additional 319,029 shares during the last quarter. Institutional investors and hedge funds 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.