Masco (NYSE:MAS) Price Target Raised to $95.00

Masco (NYSE:MAS) had its target price upped by research analysts at Argus from $92.00 to $95.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Argus‘s price objective suggests a potential upside of 10.39% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price on the stock. in a research report on Thursday, July 30th. Robert W. Baird upped their price target on Masco from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Wells Fargo & Company raised their price objective on Masco from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Barclays lifted their price objective on Masco from $79.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $95.00 price objective on shares of Masco in a research note on Wednesday, October 28th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.82.

Masco Stock Performance

MAS traded down $0.76 during trading on Thursday, hitting $86.06. The company’s stock had a trading volume of 170,630 shares, compared to its average volume of 2,568,629. The business’s 50 day simple moving average is $71.92 and its 200-day simple moving average is $71.09. The firm has a market cap of $16.59 billion, a PE ratio of 18.64, a P/E/G ratio of 1.82 and a beta of 1.21. Masco has a one year low of $58.16 and a one year high of $87.86. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Masco had a net margin of 12.07% and a negative return on equity of 1,807.69%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, sell-side analysts predict that Masco will post 4.72 EPS for the current fiscal year.

Insider Transactions at Masco

In other Masco news, VP Kenneth Cole sold 34,470 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $80.64, for a total transaction of $2,779,660.80. Following the sale, the vice president directly owned 39,700 shares of the company’s stock, valued at $3,201,408. This trade represents a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Masco

A number of hedge funds have recently made changes to their positions in the business. Latitude Advisors LLC bought a new stake in Masco during the 3rd quarter valued at approximately $30,000. Bell Investment Advisors Inc purchased a new position in Masco in the 2nd quarter worth approximately $32,000. Pension & Wealth Management Advisors Inc. bought a new position in Masco in the 3rd quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new position in Masco in the 2nd quarter worth approximately $49,000. Finally, Trust Co. of Vermont purchased a new stake in Masco during the 2nd quarter valued at approximately $53,000. Institutional investors own 93.91% of the company’s stock.

About Masco

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.