Masco (NYSE:MAS) Given “Sector Perform” Rating at Royal Bank of Canada

Masco (NYSE:MAS)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada in a research report issued on Wednesday,Benzinga reports. They presently have a $74.00 price objective on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential downside of 2.83% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial raised their target price 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 lifted their price target on shares of Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Friday, January 10th. Robert W. Baird reduced their target price on Masco from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group upped their price target on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Masco presently has a consensus rating of “Hold” and an average target price of $85.81.

Masco Price Performance

Shares of MAS traded down $2.49 during trading hours on Wednesday, reaching $76.16. 557,752 shares of the company traded hands, compared to its average volume of 1,442,210. The stock has a fifty day simple moving average of $76.60 and a 200 day simple moving average of $78.72. Masco has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The stock has a market capitalization of $16.43 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, research analysts predict that Masco will post 4.09 EPS for the current fiscal year.

Institutional Trading of Masco

Hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC bought a new stake in Masco in the third quarter worth about $253,000. Exchange Traded Concepts LLC bought a new stake in shares of Masco in the 3rd quarter worth approximately $254,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in Masco during the third quarter valued at approximately $202,000. nVerses Capital LLC boosted its holdings in Masco by 8.1% during the third quarter. nVerses Capital LLC now owns 13,400 shares of the construction company’s stock worth $1,125,000 after buying an additional 1,000 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Masco by 2.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,559 shares of the construction company’s stock worth $1,978,000 after buying an additional 501 shares during the last quarter. Institutional investors 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.