Wells Fargo & Company Reaffirms Equal Weight Rating for Masco (NYSE:MAS)

Masco (NYSE:MAS)‘s stock had its “equal weight” rating restated by analysts at Wells Fargo & Company in a report released on Tuesday. They currently have a $85.00 price target on the construction company’s stock, down from their prior price target of $92.00. Wells Fargo & Company‘s price objective suggests a potential upside of 9.28% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Royal Bank of Canada cut Masco from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Robert W. Baird reduced their price objective on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Barclays raised their price target on shares of Masco from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and dropped their target price for the stock from $96.00 to $89.00 in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Masco currently has an average rating of “Hold” and a consensus target price of $85.88.

Masco Stock Down 1.2 %

Masco stock opened at $77.78 on Tuesday. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. Masco has a 52 week low of $63.60 and a 52 week high of $86.70. The business’s 50-day moving average price is $80.95 and its 200 day moving average price is $76.66. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. As a group, sell-side analysts anticipate that Masco will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On Masco

Several institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in Masco by 6.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,286 shares of the construction company’s stock worth $608,000 after acquiring an additional 416 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Masco by 20.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after purchasing an additional 56,626 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Masco by 1.3% during the third quarter. Synovus Financial Corp now owns 28,725 shares of the construction company’s stock valued at $2,411,000 after acquiring an additional 364 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Masco in the 3rd quarter worth about $206,000. Finally, World Investment Advisors LLC bought a new position in Masco in the 3rd quarter worth approximately $201,000. 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.