Masco (NYSE:MAS) Price Target Cut to $84.00 by Analysts at Barclays

Masco (NYSE:MAS) had its target price decreased by Barclays from $93.00 to $84.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Several other research firms also recently issued reports on MAS. Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and cut their price objective for the company from $96.00 to $89.00 in a report on Monday, December 16th. Citigroup reduced their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Loop Capital lifted their price objective on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $86.27.

Masco Trading Up 0.6 %

Shares of MAS stock opened at $77.54 on Thursday. Masco has a 1-year low of $63.81 and a 1-year high of $86.70. The firm has a market cap of $16.73 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a 50-day moving average of $76.90 and a two-hundred day moving average of $77.45. 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 data on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. On average, analysts predict that Masco will post 4.09 EPS for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. Masco’s payout ratio is currently 30.85%.

Institutional Investors Weigh In On Masco

Several institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in Masco in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the 3rd quarter valued at $38,000. Ashton Thomas Securities LLC purchased a new position in shares of Masco in the 3rd quarter valued at $43,000. Venturi Wealth Management LLC raised its stake in Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. Finally, Covestor Ltd lifted its position in Masco by 86.4% in the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after acquiring an additional 312 shares during the last quarter. Hedge funds and other 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.