Robert W. Baird Cuts Masco (NYSE:MAS) Price Target to $94.00

Masco (NYSE:MAS - Free Report) had its target price decreased by Robert W. Baird from $95.00 to $94.00 in a research report sent to investors on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company's stock.

MAS has been the topic of a number of other research reports. Barclays lifted their target price on Masco from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. BMO Capital Markets lifted their price target on shares of Masco from $78.00 to $85.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Truist Financial increased their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, Citigroup cut their target price on Masco from $73.00 to $66.00 and set a "neutral" rating on the stock 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 stock. According to data from MarketBeat.com, Masco presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.92.

Masco Price Performance

Masco stock traded down $0.65 during trading on Wednesday, reaching $80.65. The company had a trading volume of 631,032 shares, compared to its average volume of 1,807,560. The firm has a market capitalization of $17.76 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The firm's 50-day simple moving average is $81.52 and its 200 day simple moving average is $74.41. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco has a 1-year low of $51.72 and a 1-year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Masco will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 8th. Masco's dividend payout ratio is presently 28.43%.

Insider Activity at Masco

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

Institutional Investors Weigh In On Masco

Institutional investors have recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Masco during the first quarter worth about $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the second quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of Masco in the 2nd quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings 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 buying an additional 179 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company's stock worth $40,000 after purchasing an additional 500 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

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.