Masco (NYSE:MAS) Price Target Lowered to $75.00 at Barclays

Masco (NYSE:MAS - Get Free Report) had its price target dropped by research analysts at Barclays from $87.00 to $75.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. Barclays's price objective indicates a potential upside of 21.24% from the company's current price.

A number of other equities analysts have also weighed in on MAS. Jefferies Financial Group lowered Masco from a "buy" rating to a "hold" rating and reduced their price objective for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Oppenheimer raised Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target for the company in a report on Friday, January 10th. UBS Group dropped their price objective on shares of Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada restated a "sector perform" rating and set a $74.00 price target on shares of Masco in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price target on Masco from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $84.50.

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Masco Stock Performance

NYSE MAS traded up $0.16 during trading hours on Tuesday, reaching $61.86. The stock had a trading volume of 2,489,900 shares, compared to its average volume of 1,703,876. Masco has a 52-week low of $57.27 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The stock has a market cap of $13.09 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The stock has a fifty day moving average of $71.54 and a 200 day moving average of $76.49.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same period last year, the company earned $0.83 EPS. Sell-side analysts predict that Masco will post 4.34 earnings per share for the current year.

Insider Activity at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the transaction, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. The trade was a 26.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Masco

Several institutional investors and hedge funds have recently bought and sold shares of MAS. Integrated Wealth Concepts LLC purchased a new stake in shares of Masco during the 3rd quarter valued at approximately $239,000. Stifel Financial Corp raised its position in Masco by 25.6% in the third quarter. Stifel Financial Corp now owns 243,014 shares of the construction company's stock valued at $20,399,000 after purchasing an additional 49,588 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in Masco by 41.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 21,055 shares of the construction company's stock worth $1,767,000 after purchasing an additional 6,154 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Masco during the third quarter worth $1,435,000. Finally, National Bank of Canada FI grew its stake in shares of Masco by 81.0% in the third quarter. National Bank of Canada FI now owns 112,835 shares of the construction company's stock valued at $9,471,000 after buying an additional 50,512 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.