Masco (NYSE:MAS) Given New $84.00 Price Target at Barclays

Masco (NYSE:MAS) had its price target lowered by Barclays from $93.00 to $84.00 in a report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Citigroup lowered their price target on Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $85.00 price objective (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.27.

Masco Stock Up 0.6 %

Shares of MAS opened at $77.54 on Thursday. The stock’s 50-day moving average price is $76.90 and its 200-day moving average price is $77.45. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.17 and a beta of 1.25. Masco has a 52 week low of $63.81 and a 52 week high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the company earned $1.00 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that Masco will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

Institutional Investors Weigh In On Masco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Union Savings Bank increased its stake in shares of Masco by 29.2% in the 4th quarter. Union Savings Bank now owns 969 shares of the construction company’s stock worth $70,000 after acquiring an additional 219 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Masco by 26.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after purchasing an additional 148 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in Masco by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,708 shares of the construction company’s stock worth $414,000 after purchasing an additional 439 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in Masco during the fourth quarter worth about $265,000. Finally, Trust Co. of Vermont boosted its holdings in Masco by 17.6% in the 4th quarter. Trust Co. of Vermont now owns 3,000 shares of the construction company’s stock valued at $218,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds 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.