Masco (MAS) Price Target Raised to $52.00

Masco (NYSE:MAS) had its price target boosted by SunTrust Banks to $52.00 in a research report sent to investors on Thursday, The Fly reports. The brokerage currently has a buy rating on the construction company’s stock. The analysts noted that the move was a valuation call.

MAS has been the topic of several other research reports. Zacks Investment Research downgraded Masco from a hold rating to a sell rating in a research report on Wednesday, January 23rd. Nomura set a $37.00 target price on Masco and gave the company a buy rating in a research report on Monday, December 17th. Royal Bank of Canada raised Masco from a sector perform rating to an outperform rating and set a $31.69 target price on the stock in a research report on Sunday, December 9th. Bank of America raised Masco from a neutral rating to a buy rating and set a $36.00 target price on the stock in a research report on Friday, January 4th. Finally, Credit Suisse Group set a $34.00 target price on Masco and gave the company a hold rating in a research report on Friday, January 11th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $42.90.

Masco stock opened at $38.98 on Thursday. Masco has a 12 month low of $27.03 and a 12 month high of $42.27. The company has a debt-to-equity ratio of 43.06, a quick ratio of 1.08 and a current ratio of 1.64. The company has a market capitalization of $11.48 billion, a PE ratio of 15.59, a PEG ratio of 1.41 and a beta of 1.46.

Masco (NYSE:MAS) last posted its earnings results on Thursday, February 7th. The construction company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Masco had a return on equity of 520.34% and a net margin of 8.78%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts anticipate that Masco will post 2.69 EPS for the current year.

In other Masco news, CFO John G. Sznewajs sold 165,248 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $39.92, for a total transaction of $6,596,700.16. Following the completion of the sale, the chief financial officer now directly owns 398,178 shares in the company, valued at $15,895,265.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John P. Lindow sold 37,795 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $39.07, for a total value of $1,476,650.65. Following the sale, the vice president now owns 60,454 shares of the company’s stock, valued at $2,361,937.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,940 shares of company stock valued at $11,890,269. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its stake in Masco by 59.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,118 shares of the construction company’s stock worth $33,000 after purchasing an additional 418 shares during the last quarter. Highland Capital Management LLC lifted its stake in Masco by 1.8% during the fourth quarter. Highland Capital Management LLC now owns 24,201 shares of the construction company’s stock worth $708,000 after purchasing an additional 430 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in Masco by 97.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 930 shares of the construction company’s stock worth $27,000 after purchasing an additional 460 shares during the last quarter. ETF Managers Group LLC lifted its stake in shares of Masco by 18.3% in the 4th quarter. ETF Managers Group LLC now owns 3,298 shares of the construction company’s stock valued at $96,000 after acquiring an additional 510 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Masco by 2.8% in the 4th quarter. Advisor Group Inc. now owns 25,958 shares of the construction company’s stock valued at $759,000 after acquiring an additional 704 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

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