Masco Corporation (NYSE:MAS) had its price target boosted by equities research analysts at Citigroup Inc. from $40.00 to $43.00 in a research note issued to investors on Wednesday, October 25th. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 11.37% from the company’s current price.
Several other brokerages also recently commented on MAS. Barclays PLC set a $45.00 target price on Masco Corporation and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Company downgraded Masco Corporation from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a research note on Wednesday, October 25th. Royal Bank of Canada raised their target price on Masco Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird raised their price target on Masco Corporation from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Masco Corporation in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Masco Corporation presently has an average rating of “Buy” and a consensus target price of $42.71.
Shares of Masco Corporation (NYSE MAS) traded down $0.01 during midday trading on Wednesday, reaching $38.61. The company’s stock had a trading volume of 2,038,400 shares, compared to its average volume of 2,657,703. Masco Corporation has a fifty-two week low of $30.08 and a fifty-two week high of $41.10. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 49.48. The company has a market cap of $12,148.51, a P/E ratio of 20.99, a P/E/G ratio of 1.20 and a beta of 1.56.
Masco Corporation (NYSE:MAS) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Masco Corporation had a negative return on equity of 7,325.00% and a net margin of 7.23%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts predict that Masco Corporation will post 1.95 EPS for the current fiscal year.
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In other news, CFO John G. Sznewajs sold 52,511 shares of Masco Corporation stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $39.83, for a total value of $2,091,513.13. Following the sale, the chief financial officer now directly owns 391,443 shares in the company, valued at approximately $15,591,174.69. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph B. Gross sold 2,337 shares of Masco Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $37.53, for a total value of $87,707.61. Following the completion of the sale, the insider now owns 56,935 shares in the company, valued at $2,136,770.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,140 shares of company stock worth $2,946,110. 1.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV boosted its position in shares of Masco Corporation by 12.5% during the second quarter. KBC Group NV now owns 38,066 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 4,223 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Masco Corporation by 19.4% during the second quarter. State of Tennessee Treasury Department now owns 199,990 shares of the construction company’s stock valued at $7,642,000 after purchasing an additional 32,532 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Masco Corporation by 29.1% during the second quarter. Calamos Advisors LLC now owns 989,188 shares of the construction company’s stock valued at $37,797,000 after purchasing an additional 223,177 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Masco Corporation during the second quarter valued at approximately $10,508,000. Finally, Franklin Resources Inc. bought a new stake in shares of Masco Corporation during the second quarter valued at approximately $2,824,000. Institutional investors own 89.79% of the company’s stock.
About Masco Corporation
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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