Masco (NYSE:MAS) Updated at StockNews.com

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Masco (NYSE:MAS – Get a Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

MAS has been the subject of a number of other research reports. Barclays boosted their target price on shares of Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets boosted their price objective on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Citigroup reduced their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Truist Financial boosted their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird upped their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, the 26th July. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.58, based on data from MarketBeat.com.

Read the latest stock report on Masco

Masco price performance

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MAS traded up $0.37 during trading on Monday, hitting $83.94. 1,297,308 shares of the stock traded hands, compared to its average volume of 1,862,494. Masco has a 12-month low of $47.66 and a 12-month high of $84.37. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76, and a quick ratio of 1.12. The company has a 50-day moving average price of $77.95 and a 200-day moving average price of $73.37.

Masco (NYSE:MAS – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. In the same period last year, the company earned $1.19 per share. The company’s revenue fell 1.7% year-over-year. equities research analysts forecast that Masco will post 4.11 earnings per share for the current fiscal year.

Indoor activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders hold 1.10% of the company’s shares.

Institutional investors are weighing in on Masco

Institutional investors and hedge funds have recently made changes to their positions in the business. New Covenant Trust Company NA bought a new position in shares of Masco in the first quarter valued at approximately $25,000. Versant Capital Management Inc grew its position in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Inçalta Capital LLC bought a new position in shares of Masco in the second quarter valued at approximately $25,000. Family Firm Inc. bought a new position in shares of Masco in the second quarter valued at approximately $30,000. Finally, Larson Financial Group LLC grew its position in shares of Masco by 4,545.5% in the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s shares.

Masco Company Profile

(Get a free report)

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, shower heads, portable showers, valves, bathroom hardware and accessories, bathroom units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower tubs, spas, exercise pools and fitness systems; Brass, copper and composite plumbing components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized manufacturing and PEX pipe products; and other non-decorative sanitary products.