Masco (MAS) PT Lowered to $38.00

Masco (NYSE:MAS) had its target price cut by equities research analysts at Citigroup from $40.00 to $38.00 in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s target price indicates a potential upside of 21.33% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Goldman Sachs Group initiated coverage on Masco in a research report on Tuesday, October 2nd. They set a “buy” rating and a $49.00 price target on the stock. Evercore ISI upgraded Masco from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. Robert W. Baird set a $42.00 price target on Masco and gave the stock a “buy” rating in a research report on Tuesday, October 16th. ValuEngine lowered Masco from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Credit Suisse Group reduced their price target on Masco from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.95.

Shares of Masco stock traded down $0.07 during trading on Thursday, hitting $31.32. 6,507,404 shares of the stock traded hands, compared to its average volume of 6,064,801. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 14.35. The firm has a market capitalization of $9.57 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.56. Masco has a 52 week low of $27.15 and a 52 week high of $46.44.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Masco had a net margin of 7.65% and a return on equity of 409.25%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company posted $0.50 earnings per share. Masco’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict that Masco will post 2.41 earnings per share for the current fiscal year.

In other news, insider Joseph B. Gross sold 1,286 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the completion of the transaction, the insider now owns 48,740 shares in the company, valued at approximately $1,945,213.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the transaction, the chief financial officer now owns 237,578 shares of the company’s stock, valued at approximately $9,253,663.10. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Banco de Sabadell S.A raised its stake in Masco by 11.3% during the second quarter. Banco de Sabadell S.A now owns 12,919 shares of the construction company’s stock valued at $482,000 after buying an additional 1,312 shares during the last quarter. Suntrust Banks Inc. raised its stake in Masco by 4.6% during the first quarter. Suntrust Banks Inc. now owns 35,218 shares of the construction company’s stock valued at $1,423,000 after buying an additional 1,533 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Masco by 15.4% during the third quarter. Daiwa Securities Group Inc. now owns 12,062 shares of the construction company’s stock valued at $441,000 after buying an additional 1,613 shares during the last quarter. Hills Bank & Trust Co. raised its stake in Masco by 6.6% during the second quarter. Hills Bank & Trust Co. now owns 26,935 shares of the construction company’s stock valued at $1,008,000 after buying an additional 1,675 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in Masco by 9.2% during the third quarter. Daiwa SB Investments Ltd. now owns 21,450 shares of the construction company’s stock valued at $785,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 89.70% of the company’s stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Analyst Recommendations for Masco (NYSE:MAS)

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