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

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

MAS has been the subject of a number of other reports. Truist Financial increased their price objective on Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Citigroup decreased their price objective on Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. Barclays increased their price objective on Masco from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price target on Masco from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Finally, Jefferies Financial Group raised their price target on Masco from $89.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.85.

Masco Stock Down 1.2 %

Shares of MAS traded down $0.96 during mid-day trading on Wednesday, reaching $80.34. The company's stock had a trading volume of 2,825,609 shares, compared to its average volume of 1,818,010. Masco has a 12-month low of $51.72 and a 12-month high of $86.70. The stock has a market cap of $17.69 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The company's 50 day moving average is $81.56 and its 200 day moving average is $74.45.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Equities analysts anticipate that Masco will post 4.1 EPS for the current fiscal year.

Masco Announces Dividend

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

Insider Activity

In related news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MAS. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Masco by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 539,398 shares of the construction company's stock worth $42,548,000 after purchasing an additional 7,064 shares in the last quarter. Norden Group LLC acquired a new position in shares of Masco during the first quarter worth about $389,000. First Trust Direct Indexing L.P. acquired a new position in shares of Masco during the first quarter worth about $211,000. SpiderRock Advisors LLC acquired a new position in shares of Masco during the first quarter worth about $268,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Masco in the first quarter worth about $221,000. 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.