Masco Corporation (NYSE:MAS) has been given a $45.00 target price by investment analysts at Barclays PLC in a research report issued on Wednesday, October 25th. The brokerage currently has a “buy” rating on the construction company’s stock. Barclays PLC’s price objective would indicate a potential upside of 16.55% from the company’s current price.
Other research analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Masco Corporation in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and set a $45.00 price target on shares of Masco Corporation in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Masco Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Longbow Research reiterated a “buy” rating and set a $42.00 price target on shares of Masco Corporation in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded Masco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.71.
Shares of Masco Corporation (NYSE MAS) traded down $0.01 during trading hours 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. The company has a market cap of $12,148.51, a P/E ratio of 20.99, a PEG ratio of 1.20 and a beta of 1.56. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.94 and a quick ratio of 1.43. Masco Corporation has a 52-week low of $30.08 and a 52-week high of $41.10.
Masco Corporation (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Masco Corporation had a net margin of 7.23% and a negative return on equity of 7,325.00%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. sell-side analysts forecast that Masco Corporation will post 1.95 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/11/masco-corporation-mas-pt-set-at-45-00-by-barclays-plc.html.
In related news, VP John P. Lindow sold 17,026 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $40.07, for a total transaction of $682,231.82. Following the transaction, the vice president now directly owns 101,681 shares in the company, valued at approximately $4,074,357.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John G. Sznewajs sold 52,511 shares of the firm’s 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 transaction, the chief financial officer now owns 391,443 shares in the company, valued at $15,591,174.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,140 shares of company stock worth $2,946,110. 1.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MAS. OppenheimerFunds Inc. grew its position in Masco Corporation by 1.5% during the 1st quarter. OppenheimerFunds Inc. now owns 26,718 shares of the construction company’s stock worth $908,000 after acquiring an additional 404 shares during the last quarter. Teachers Advisors LLC grew its position in Masco Corporation by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 2,082,848 shares of the construction company’s stock worth $70,796,000 after acquiring an additional 112,667 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Masco Corporation during the 1st quarter worth approximately $256,000. Dimensional Fund Advisors LP grew its position in Masco Corporation by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 910,526 shares of the construction company’s stock worth $30,947,000 after acquiring an additional 9,759 shares during the last quarter. Finally, KCG Holdings Inc. grew its position in Masco Corporation by 89.5% during the 1st quarter. KCG Holdings Inc. now owns 25,825 shares of the construction company’s stock worth $878,000 after acquiring an additional 12,194 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.
Masco Corporation Company Profile
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.
Receive News & Ratings for Masco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.