Masco (NYSE:MAS) Lowered to Sector Perform Rating by Royal Bank of Canada

Masco (NYSE:MAS - Get Free Report) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $80.00 price target on the construction company's stock, up from their previous price target of $79.00. Royal Bank of Canada's price target suggests a potential downside of 0.82% from the stock's current price.

Several other equities research analysts have also issued reports on MAS. Wells Fargo & Company raised their target price on shares of Masco from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Robert W. Baird boosted their target price on Masco from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. BMO Capital Markets increased their price target on Masco from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Masco from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, Citigroup decreased their target price on Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Masco currently has a consensus rating of "Moderate Buy" and an average target price of $83.92.

Masco Trading Down 0.8 %

MAS traded down $0.64 on Wednesday, hitting $80.66. The company had a trading volume of 575,406 shares, compared to its average volume of 1,807,151. Masco has a 12-month low of $51.72 and a 12-month high of $86.70. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The business's fifty day simple moving average is $81.52 and its 200 day simple moving average is $74.41. The company has a market cap of $17.76 billion, a PE ratio of 19.76, a PEG ratio of 2.78 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. Equities research analysts expect that Masco will post 4.1 EPS for the current year.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Masco

Large investors have recently made changes to their positions in the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Masco in the 1st quarter valued at $25,000. Innealta Capital LLC acquired a new position in Masco during the second quarter valued at $25,000. Family Firm Inc. purchased a new stake in Masco in the second quarter valued at $30,000. Massmutual Trust Co. FSB ADV grew its position in Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after purchasing an additional 179 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Masco by 4,545.5% in the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock valued at $40,000 after buying an additional 500 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

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.