Analysts Set Masco Co. (NYSE:MAS) Price Target at $60.55

Masco Co. (NYSE:MAS) has been given a consensus recommendation of “Buy” by the twenty-one brokerages that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $60.55.

MAS has been the subject of several research reports. Credit Suisse Group boosted their price objective on shares of Masco from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 10th. They noted that the move was a valuation call. BMO Capital Markets initiated coverage on shares of Masco in a research report on Wednesday, January 13th. They issued a “market perform” rating and a $62.00 price objective for the company. Wolfe Research initiated coverage on shares of Masco in a research report on Tuesday, March 23rd. They issued a “peer perform” rating for the company. Zacks Investment Research cut shares of Masco from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Tuesday, December 29th. Finally, Barclays cut shares of Masco from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $62.00 to $60.00 in a research report on Friday, December 18th.

In other news, CEO Keith J. Allman sold 6,543 shares of the stock in a transaction on Friday, February 26th. The shares were sold at an average price of $53.20, for a total value of $348,087.60. Also, CEO Keith J. Allman sold 28,261 shares of the stock in a transaction on Friday, February 5th. The stock was sold at an average price of $56.21, for a total transaction of $1,588,550.81. Following the completion of the sale, the chief executive officer now owns 340,484 shares in the company, valued at approximately $19,138,605.64. The disclosure for this sale can be found here. Insiders have sold a total of 44,075 shares of company stock worth $2,452,777 in the last 90 days. 1.23% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Boltwood Capital Management increased its stake in shares of Masco by 1.5% in the first quarter. Boltwood Capital Management now owns 10,997 shares of the construction company’s stock worth $659,000 after acquiring an additional 165 shares during the period. AGF Investments LLC increased its stake in shares of Masco by 1.8% in the fourth quarter. AGF Investments LLC now owns 10,595 shares of the construction company’s stock worth $582,000 after acquiring an additional 186 shares during the period. Allstate Corp increased its stake in shares of Masco by 4.4% in the fourth quarter. Allstate Corp now owns 5,402 shares of the construction company’s stock worth $297,000 after acquiring an additional 228 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Masco by 4.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,918 shares of the construction company’s stock worth $325,000 after acquiring an additional 253 shares during the period. Finally, Bremer Bank National Association increased its stake in shares of Masco by 0.8% in the fourth quarter. Bremer Bank National Association now owns 37,929 shares of the construction company’s stock worth $2,083,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Shares of NYSE:MAS opened at $61.10 on Monday. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.23 and a beta of 1.33. Masco has a 12 month low of $37.62 and a 12 month high of $62.86. The firm’s 50-day moving average is $56.62 and its 200 day moving average is $55.66. The company has a current ratio of 2.01, a quick ratio of 1.54 and a debt-to-equity ratio of 8.17.

Masco (NYSE:MAS) last released its quarterly earnings data on Monday, February 8th. The construction company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Masco had a net margin of 21.27% and a return on equity of 1,966.88%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities analysts forecast that Masco will post 3.07 EPS for the current fiscal year.

Masco declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 9th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 13.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products. The 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.

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Analyst Recommendations for Masco (NYSE:MAS)

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