Masco (NYSE:MAS) Price Target Cut to $82.00 by Analysts at Wells Fargo & Company

Masco (NYSE:MAS) had its target price lowered by Wells Fargo & Company from $85.00 to $82.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. Citigroup dropped 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. Truist Financial boosted 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. Zelman & Associates raised Masco to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Loop Capital raised their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus target price of $86.04.

Masco Stock Performance

Shares of NYSE MAS opened at $77.39 on Tuesday. The business’s 50-day simple moving average is $76.77 and its 200-day simple moving average is $78.56. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco has a 52 week low of $63.81 and a 52 week high of $86.70. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.13 and a beta of 1.25.

Institutional Investors Weigh In On Masco

Institutional investors and hedge funds have recently bought and sold shares of the business. Truist Financial Corp increased its stake in Masco by 6.5% in the second quarter. Truist Financial Corp now owns 61,263 shares of the construction company’s stock valued at $4,084,000 after acquiring an additional 3,724 shares during the period. Cetera Investment Advisers grew its stake in shares of Masco by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 31,846 shares of the construction company’s stock valued at $2,123,000 after purchasing an additional 2,698 shares during the period. Czech National Bank grew its stake in shares of Masco by 5.9% in the 3rd quarter. Czech National Bank now owns 44,459 shares of the construction company’s stock valued at $3,732,000 after purchasing an additional 2,490 shares during the period. GAMMA Investing LLC raised its holdings in shares of Masco by 22.8% in the 3rd quarter. GAMMA Investing LLC now owns 7,046 shares of the construction company’s stock worth $591,000 after buying an additional 1,308 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in Masco by 37.8% in the 3rd quarter. Mather Group LLC. now owns 2,489 shares of the construction company’s stock valued at $209,000 after buying an additional 683 shares in the last quarter. 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.