Masco (NYSE:MAS) Price Target Cut to $94.00 by Analysts at Robert W. Baird

Masco (NYSE:MAS) had its target price trimmed by Robert W. Baird from $95.00 to $94.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group increased their price target on shares of Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. BMO Capital Markets increased their price target on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada downgraded shares of Masco from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $79.00 to $80.00 in a report on Wednesday. Finally, Citigroup cut their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.85.

Masco Stock Performance

MAS opened at $80.34 on Wednesday. Masco has a 52-week low of $51.72 and a 52-week high of $86.70. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The company has a market cap of $17.69 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The firm’s 50-day moving average price is $81.56 and its 200-day moving average price is $74.45.

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

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. Masco’s dividend payout ratio (DPR) is 28.43%.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,896,273.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donald L. Hagan LLC lifted its holdings in Masco by 2.9% in the 3rd quarter. Donald L. Hagan LLC now owns 19,584 shares of the construction company’s stock valued at $1,644,000 after purchasing an additional 553 shares in the last quarter. Crescent Grove Advisors LLC lifted its holdings in Masco by 57.4% in the 3rd quarter. Crescent Grove Advisors LLC now owns 8,972 shares of the construction company’s stock valued at $753,000 after purchasing an additional 3,272 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Masco by 22.3% in the 3rd quarter. QRG Capital Management Inc. now owns 413,896 shares of the construction company’s stock valued at $34,742,000 after purchasing an additional 75,503 shares in the last quarter. National Pension Service lifted its holdings in Masco by 9.7% in the 3rd quarter. National Pension Service now owns 445,459 shares of the construction company’s stock valued at $37,392,000 after purchasing an additional 39,304 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Masco in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors 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.