Wells Fargo & Company Issues Positive Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target boosted by investment analysts at Wells Fargo & Company from $65.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.52% from the company’s previous close.

MAS has been the subject of a number of other research reports. Evercore ISI decreased their price objective on shares of Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a report on Thursday, April 24th. Barclays set a $71.00 target price on Masco and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Truist Financial dropped their target price on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and an average target price of $73.63.

Masco Stock Performance

Shares of MAS opened at $67.27 on Wednesday. The stock has a market capitalization of $14.19 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. The business’s fifty day moving average price is $64.88 and its 200 day moving average price is $73.00. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco has a 12-month low of $56.55 and a 12-month high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Equities research analysts forecast that Masco will post 4.34 EPS for the current year.

Insider Transactions at Masco

In related news, CEO Keith J. Allman sold 21,723 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the transaction, the chief executive officer now owns 60,267 shares of the company’s stock, valued at $4,601,988.12. This trade represents a 26.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Renee Straber sold 3,139 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company’s stock, valued at $2,370,678.06. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Masco by 10.0% during the first quarter. Royal Bank of Canada now owns 789,411 shares of the construction company’s stock valued at $54,895,000 after buying an additional 71,504 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Masco by 175.8% in the 1st quarter. Vident Advisory LLC now owns 8,374 shares of the construction company’s stock valued at $582,000 after purchasing an additional 5,338 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of Masco by 339.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 100,376 shares of the construction company’s stock valued at $6,980,000 after purchasing an additional 77,521 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its stake in Masco by 6.9% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 74,938 shares of the construction company’s stock worth $5,211,000 after purchasing an additional 4,862 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in Masco by 27.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,938 shares of the construction company’s stock worth $2,291,000 after buying an additional 7,162 shares during the period. 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.