JPMorgan Chase & Co. Increases Masco (NYSE:MAS) Price Target to $83.50

Masco (NYSE:MAS) had its target price boosted by JPMorgan Chase & Co. from $80.00 to $83.50 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other brokerages also recently weighed in on MAS. Wells Fargo & Company raised their price target on Masco from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $79.00 to $80.00 in a report on Wednesday, October 30th. Finally, Truist Financial upped their target price on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.96.

Masco Trading Up 1.8 %

Shares of MAS traded up $1.44 during midday trading on Tuesday, hitting $81.68. The stock had a trading volume of 345,605 shares, compared to its average volume of 1,800,019. The stock’s 50 day moving average is $81.71 and its 200 day moving average is $74.77. The firm has a market cap of $17.62 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. 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 has a 1 year low of $55.13 and a 1 year high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. Masco’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts forecast that Masco will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid 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 yield of 1.42%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Masco

Several large investors have recently bought and sold shares of MAS. New Covenant Trust Company N.A. acquired a new stake in shares of Masco in the 1st quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in Masco during the second quarter worth about $25,000. Family Firm Inc. acquired a new position in Masco during the second quarter worth about $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Masco during the third quarter worth $38,000. Institutional investors and hedge funds 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.