Masco (NYSE:MAS) Price Target Raised to $80.00 at Royal Bank of Canada

Masco (NYSE:MAS) had its price objective boosted by Royal Bank of Canada from $79.00 to $80.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 14.53% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Truist Financial upped their price target on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Evercore ISI dropped their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday. Citigroup upped their price target on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Oppenheimer began coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.07.

Masco Stock Performance

Shares of NYSE MAS opened at $69.85 on Thursday. The firm has a 50 day moving average of $75.17 and a 200 day moving average of $66.88. The company has a current ratio of 1.74, a quick ratio of 1.08 and a debt-to-equity ratio of 18.76. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Masco has a 12-month low of $47.66 and a 12-month high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. On average, research analysts anticipate that Masco will post 4.12 earnings per share for the current year.

Insider Activity at Masco

In related news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the sale, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the transaction, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC increased its position in Masco by 3.2% during the first quarter. Foster Victor Wealth Advisors LLC now owns 181,466 shares of the construction company’s stock valued at $13,334,000 after acquiring an additional 5,557 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Masco during the first quarter valued at $205,000. New York State Teachers Retirement System increased its position in Masco by 1.3% during the first quarter. New York State Teachers Retirement System now owns 232,411 shares of the construction company’s stock valued at $18,333,000 after acquiring an additional 2,904 shares during the last quarter. Equitable Trust Co. increased its position in Masco by 4.8% during the first quarter. Equitable Trust Co. now owns 8,149 shares of the construction company’s stock valued at $643,000 after acquiring an additional 371 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new position in Masco during the first quarter valued at $223,000. Institutional investors own 93.91% of the company’s stock.

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.