Barclays Issues Pessimistic Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS) had its price target reduced by equities research analysts at Barclays from $93.00 to $84.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 9.08% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Truist Financial increased their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Loop Capital boosted their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and an average price target of $86.27.

Masco Price Performance

NYSE:MAS traded down $0.08 during mid-day trading on Thursday, reaching $77.01. 520,712 shares of the stock were exchanged, compared to its average volume of 1,201,311. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business has a fifty day moving average price of $76.90 and a 200 day moving average price of $77.45. Masco has a 1-year low of $63.81 and a 1-year high of $86.70. The firm has a market capitalization of $16.61 billion, a PE ratio of 20.48, a PEG ratio of 2.17 and a beta of 1.25.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up .2% compared to the same quarter last year. Research analysts expect that Masco will post 4.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Masco

A number of hedge funds have recently modified their holdings of MAS. Envestnet Asset Management Inc. grew its stake in Masco by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 835,316 shares of the construction company’s stock valued at $55,691,000 after purchasing an additional 16,289 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Masco by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock worth $75,834,000 after buying an additional 122,705 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Masco by 14.4% in the second quarter. Renaissance Technologies LLC now owns 660,744 shares of the construction company’s stock worth $44,052,000 after buying an additional 83,244 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Masco in the second quarter worth approximately $1,509,000. Finally, Axxcess Wealth Management LLC lifted its stake in Masco by 9.4% in the second quarter. Axxcess Wealth Management LLC now owns 20,323 shares of the construction company’s stock valued at $1,355,000 after acquiring an additional 1,746 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Company Profile

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.