Masco (NYSE:MAS) Given New $87.00 Price Target at Loop Capital

Masco (NYSE:MAS) had its price target boosted by research analysts at Loop Capital from $76.00 to $87.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Loop Capital’s price objective indicates a potential upside of 8.87% from the stock’s previous close.

Several other analysts have also recently commented on MAS. Barclays boosted their price target on Masco from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their price objective on Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Citigroup lowered their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $84.85.

Masco Trading Down 0.5 %

Shares of NYSE:MAS opened at $79.91 on Wednesday. Masco has a 12-month low of $51.72 and a 12-month high of $86.70. The company has a market capitalization of $17.60 billion, a PE ratio of 19.59, a PEG ratio of 2.78 and a beta of 1.24. The business has a 50 day moving average of $81.56 and a two-hundred day moving average of $74.45. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, analysts forecast that Masco will post 4.1 EPS for the current year.

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Hedge funds have recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in Masco during the 1st quarter worth about $25,000. Innealta Capital LLC purchased a new stake in Masco during the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new stake in Masco during the 2nd quarter worth about $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

About Masco

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.