Masco (NYSE:MAS)‘s stock had its “buy” rating reiterated by analysts at Barclays in a research note issued on Sunday. They presently have a $39.00 price objective on the construction company’s stock. Barclays‘s price objective would suggest a potential upside of 7.65% from the stock’s previous close.
MAS has been the topic of several other reports. Credit Suisse Group set a $34.00 price target on Masco and gave the stock a “hold” rating in a research report on Friday, January 11th. Zacks Investment Research lowered Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Citigroup reduced their price target on Masco from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Jefferies Financial Group restated a “buy” rating and issued a $48.00 price target on shares of Masco in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada upgraded Masco from a “sector perform” rating to an “outperform” rating and set a $31.69 price target on the stock in a research report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $41.65.
NYSE MAS opened at $36.23 on Friday. The firm has a market capitalization of $10.68 billion, a PE ratio of 14.49, a PEG ratio of 1.18 and a beta of 1.44. Masco has a 52 week low of $27.03 and a 52 week high of $43.69. The company has a quick ratio of 1.08, a current ratio of 1.64 and a debt-to-equity ratio of 43.06.
Masco (NYSE:MAS) last released its earnings results on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. Masco had a return on equity of 520.34% and a net margin of 8.78%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Masco will post 2.68 EPS for the current year.
In other Masco news, Director Richard A. Manoogian sold 100,000 shares of Masco stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $30.98, for a total transaction of $3,098,000.00. Following the transaction, the director now directly owns 625,961 shares in the company, valued at $19,392,271.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Reinhart Partners Inc. lifted its holdings in shares of Masco by 94.3% in the third quarter. Reinhart Partners Inc. now owns 711,754 shares of the construction company’s stock valued at $26,050,000 after purchasing an additional 345,346 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Masco by 4.6% in the third quarter. Allianz Asset Management GmbH now owns 175,664 shares of the construction company’s stock valued at $6,430,000 after purchasing an additional 7,780 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Masco by 1.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,016,292 shares of the construction company’s stock valued at $37,196,000 after purchasing an additional 13,231 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Masco in the third quarter valued at about $343,000. Finally, Daiwa SB Investments Ltd. lifted its holdings in shares of Masco by 9.1% in the fourth quarter. Daiwa SB Investments Ltd. now owns 23,400 shares of the construction company’s stock valued at $684,000 after purchasing an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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