Analysts Set Masco Co. (NYSE:MAS) Price Target at $87.04

Masco Co. (NYSE:MAS) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.88.

MAS has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Evercore ISI boosted their target price on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Loop Capital boosted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $85.00 target price (down previously from $92.00) on shares of Masco in a report on Tuesday.

Masco Price Performance

Shares of MAS stock opened at $76.57 on Friday. The firm has a fifty day moving average of $80.82 and a two-hundred day moving average of $76.71. The firm has a market cap of $16.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.57 and a beta of 1.23. Masco has a 1-year low of $63.60 and a 1-year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm earned $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, research analysts anticipate that Masco will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.51%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Hedge Funds Weigh In On Masco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in Masco during the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of Masco during the second quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in shares of Masco during the third quarter valued at about $38,000. LRI Investments LLC lifted its holdings in Masco by 850.8% in the second quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock worth $40,000 after purchasing an additional 536 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in Masco in the 3rd quarter valued at about $43,000. 93.91% of the stock is owned by institutional investors.

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.