Masco (NYSE:MAS) Price Target Increased to $88.00 by Analysts at Barclays

Masco (NYSE:MAS) had its price objective boosted by Barclays from $79.00 to $88.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

MAS has been the topic of several other reports. Jefferies Financial Group increased their target price on shares of Masco from $83.00 to $86.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Citigroup decreased their target price on Masco from $73.00 to $66.00 and set a neutral rating for the company in a research report on Thursday, July 11th. Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the stock an outperform rating in a report on Friday. Robert W. Baird raised their price objective on Masco from $84.00 to $88.00 and gave the company an outperform rating in a research note on Friday. Finally, Loop Capital lowered their target price on Masco from $79.00 to $76.00 and set a hold rating on the stock in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $74.57.

Masco Trading Up 2.1 %

Shares of MAS stock opened at $77.45 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 16.18. Masco has a 1-year low of $47.66 and a 1-year high of $78.94. The stock has a 50-day moving average of $68.78 and a 200-day moving average of $71.25. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 2.28 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. On average, equities research analysts forecast that Masco will post 4.08 earnings per share for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be given a $0.29 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.50%. Masco’s dividend payout ratio is currently 28.43%.

Hedge Funds Weigh In On Masco

A number of hedge funds and other institutional investors have recently made changes to their positions in MAS. New Covenant Trust Company N.A. bought a new position in shares of Masco during the 1st quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Masco by 70.1% during the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after acquiring an additional 178 shares during the period. Family Firm Inc. bought a new stake in Masco in the 2nd quarter valued at about $30,000. Finally, Larson Financial Group LLC lifted its holdings in Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.