The Goldman Sachs Group Issues Positive Forecast for Masco (NYSE:MAS) Stock Price

Masco (NYSE:MAS - Free Report) had its target price increased by The Goldman Sachs Group from $85.00 to $96.00 in a report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company's stock.

MAS has been the topic of a number of other reports. Oppenheimer upgraded Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price objective on the stock in a report on Friday, January 10th. Barclays raised their target price on Masco from $84.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Loop Capital lifted 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. Finally, UBS Group dropped their price objective on Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Nine research 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 stock. Based on data from MarketBeat, Masco has a consensus rating of "Moderate Buy" and a consensus target price of $86.32.

Masco Trading Up 1.0 %

NYSE:MAS traded up $0.80 during mid-day trading on Thursday, reaching $78.42. The company's stock had a trading volume of 1,292,936 shares, compared to its average volume of 1,376,449. The company's fifty day simple moving average is $76.42 and its two-hundred day simple moving average is $78.71. The stock has a market cap of $16.92 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.09 and a beta of 1.25. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. Masco had a return on equity of 615.54% and a net margin of 10.54%. During the same period in the prior year, the business posted $0.83 EPS. On average, equities analysts predict that Masco will post 4.09 EPS for the current year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be given a $0.31 dividend. This is a positive change from Masco's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.58%. Masco's dividend payout ratio (DPR) is presently 30.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in Masco during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in Masco during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Masco during the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in Masco during the 3rd quarter valued at $38,000. Finally, Lee Danner & Bass Inc. bought a new stake in Masco during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 93.91% of the company's stock.

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.